The Dollar Is Near Its Lowest Level In 2021

The dollar hovered near its lowest levels this year against other major currencies, today, Wednesday, as traders worried about inflation await the minutes of the Federal Reserve meeting, while the currencies of Bitcoin and Ethereum plunged due to a hardening Chinese stance, Al Rai daily reported.

After last week’s data recorded the fastest increase in consumer prices in the United States in more than a decade, fears grew that interest rates would rise earlier than expected, despite the assurances of decision-makers in the Council that the rise is temporary.

It is expected that the minutes of the last meeting of the Council to be issued today confirm that the decision-makers believe that the decision to raise the interest rate is still far away, but any indication of disagreement or a hint of a change in the situation may have a significant impact on the market.

 

SOURCE  TIMESKUWAIT

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