US dollar shows different dynamics against euro, yen

The US dollar exchange rate on March 11 morning didn’t show any dynamics against other major world currencies in anticipation of further action by the US Federal Reserve System (FRS), Report informs referring to the auction data.

The euro exchange rate against the dollar rose to $1.1003 per euro from the last closing level of $1.0983. The dollar against the yen rose to 116.61 yen per dollar from 116.13 yen. The dollar index (the exchange rate against a basket of currencies of six countries - the main US trading partners) remained at the level of the previous close at 98.51 points.

On the one hand, the US currency is under pressure from data on record inflation in the US. Thus, consumer prices in the country in February rose by 7.9% in annual terms after rising by 7.5% a month earlier, only in February they grew 0.8%. The annual figure is still at the records of forty years ago, now it is the highest since January 1982.

According to analysts, the dollar is likely to be stable next week ahead of the Fed meeting on March 15-16.