The US dollar is making gains for the fifth week in a row

The US dollar rose today, recording gains for the fifth week in a row, to achieve the longest series of consecutive gains in 15 months, amid concerns about the Chinese economy, and the main dollar index, which measures the performance of the US currency against 6 major currencies, recorded 103.380, after achieving its highest level in two months at 103.680 earlier. from the session.

The Chinese yuan fell against the US dollar to 7.3060 in offshore trading after the People's Bank of China set the official midpoint at 7.2006, and China's economic problems had worsened as real estate developer China Evergrande (3333.HK) sought protection under Chapter 15 in a court of law. US bankruptcy Concerns are also growing about default risks in the shadow banking sector.

The Japanese yen rose against the US dollar by 0.38% to 145.29 yen after hitting a nine-month low of 146.56 on Thursday. The pound sterling fell against the US dollar by 0.05% to $1.2741, and the euro rose against the US dollar by 0.04% to $1.08745.

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