Dollar near its lowest level in 9 months

The dollar fell against the Japanese yen today, Friday, as traders bet that the Bank of Japan’s monetary tightening is still imminent.

According to “Reuters”, the dollar also fell, approaching its lowest level in nine months against the euro, amid expectations in the market that the European Central Bank will announce next week a rate hike by up to twice the rate of interest rate hike in the Federal Reserve (the central bank). American).

The dollar fell 0.43 percent to 129.65 yen in early transactions, after data revealed that consumer price inflation in Japan accelerated to close to a 42-year high this month, intensifying pressure on the Bank of Japan to move away from stimulus.

During the week, the dollar stabilized against the yen after fluctuating between losses and gains

On the contrary, the euro is heading towards an increase of 0.4 percent since last Friday, in the third consecutive week of gains. It rose 0.07 percent to $1.08975 during the day

The dollar index, which measures the US currency against six major currencies including the euro, the yen and the pound sterling, fell 0.04 percent to 101.70, becoming on track to decline by 0.28 percent during the week. This will be its third consecutive weekly decline

The British pound is heading towards recording a third weekly rise against the dollar, rising 0.1 percent. On Friday, it settled at $1.2411

The risk-sensitive Australian dollar also rose 0.11 percent to $0.71225, close to a seven-month high it reached on Thursday at $0.71425.

During the week, the Australian dollar rose 2.17 percent, and is on track to achieve the highest weekly increase since early November.