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Dollar rises supported by expectations of higher US interest rates and stimulate the European
10.17.2015
The dollar generally rose after it kept the better-than-expected US inflation on bets that the Federal Reserve (the US central bank) data will raise interest rates this year and with the growing expectations of further monetary easing in the euro zone.
The dollar index, which measures the US currency's performance against a basket of major currencies for the second day in a row from the lowest level in seven weeks after a report showed core inflation rising in the United States more than expected in September.
And it confirmed the data on the transformation of the annual euro zone inflation to negative in September, putting pressure on the European Central Bank to increase its asset purchase program or expanded in order to strengthen prices.
It rose 0.2 percent to 94.572 dollar index, but it is still on track to record a loss for the third consecutive week after he fell to the lowest level in seven weeks in dealings 93.806 on Thursday.
Against the euro, the dollar fell about 0.1 percent to $ 1.1374. The dollar fell on Thursday to its lowest level in seven weeks against the euro to $ 1.1363.
The dollar rose 0.45 percent to 119.40 yen, recovering recovering from its lowest level in eight months near 118 yen. It ended 29 quarters e
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