After Powell’s hint to reduce interest rates … the dollar rises against the euro

The US dollar recorded a slight increase against the euro today, Monday, after reaching its lowest level in four weeks, as a result of the Federal Reserve Chairman (US Central Bank) Jerome Powell turning towards facilitating monetary policy, which was behind the dollar’s decline by more than 1% last week.

The dollar rose 0.2% against the euro to reach $ 1.1699 per euro, but it is still close to its lowest level on Friday at $ 1.174225, a level that has not been recorded since July 28. The dollar also rose 0.1% against the pound to 1.3502 dollars per pounds, after a decrease of 0.8% in the previous session. 0.4% against the Japanese yen increased to 147.46 yen, to restore part of his previous loss, which amounted to 1% on Friday.