Dollar near its lowest level in 15 months

The dollar is hovering near a 15-month low today, Friday, and is heading towards the largest weekly decline since November, after weak US inflation data reinforced investor bets that the Federal Reserve (the US central bank) is close to ending the interest rate hike path.

According to Reuters, data on Thursday revealed that US producer prices rose almost negligibly in June, while the annual increase in producer price inflation was the lowest in nearly three years, a day after data showed that consumer prices rose. increased slightly in the last month

The dollar index, which measures the performance of the greenback against a basket of major currencies, rose 0.06 percent to 99.827, after touching a 15-month low of 99.574 earlier in the session. The index fell 2.4 percent this week, the largest weekly drop in eight months

The euro rose to a 16-month high against the dollar at $1.1243 in Asian transactions, before settling at $1.1227.

The Swedish krona fell 0.5 percent against the dollar at 10.2560, moving away from the highest level in two months against the dollar reached on Thursday.

The Australian dollar also fell 0.3 percent to $ 0.6868

The Japanese yen fell 0.25 percent to 138.41 against the dollar, and is on track to achieve its best weekly performance against the dollar since January.