US Dollar Falls from its highest level in two months

The US dollar fell today from its highest level in two months against the major currencies, and the main dollar index, which measures the performance of the US currency against 6 major currencies, fell 0.44% to 91.849. The euro rose against the dollar by 0.41% to record the single European currency 1.1917 US dollars, and the pound sterling against the dollar rose by 1.03% to 1.3933 dollars, and the dollar rose against the yen by 0.03% to 110.29 Japanese yen.

New York Fed President John Williams said more progress was needed before the Fed could begin to scale back some economic support, and Fed Chair Jerome Powell said last week that there had been initial discussions about when to scale back the 120 bond-buying program. billion dollars a month.