The value of the US dollar against other world currencies on September 8 morning fell. At the same time, since the beginning of the week, the growth of the US currency may exceed 0.5%, which might become the eighth week of the dollar’s strengthening in a row, Report informs referring to the auction data.
The euro exchange rate against the US dollar rose to $1.0715 per euro from the last closing level of $1.0699. The dollar against the yen fell to 147.2 yen from 147.29 yen. The dollar index (the exchange rate against a basket of currencies of six US trading partners) decreased by 0.12% to 104.9 points.
The dollar index since the beginning of the week may show an increase of 0.6%, which could be the eighth week of growth in a row. At the same time, the euro exchange rate against the dollar may decrease by about 0.55% by the end of the week, which, accordingly, may become the eighth week of decline in a row.
The strengthening of the US currency is supported by the expectations that the US Federal Reserve System (FRS) can keep rates high for a long time. According to the CME Group, 93% of experts believe that the Fed may keep the rate at the current level of 5.25-5.5% per annum in September. But at the end of the year, 38.5% of analysts expect the figure at 5.5-5.75%.