US dollar priceThe dollar settled near its highest level in seven weeks today, Thursday, after positive indications from US President Joe Biden and Republican House Speaker Kevin McCarthy on debt ceiling talks.
Biden and McCarthy confirmed yesterday, Wednesday, their intention to reach an agreement soon to raise the government debt ceiling of $ 31.4 trillion, after they agreed the day before to conduct direct negotiations after a stumbling block that lasted for months.
dollar index
A sudden rise in Treasury yields helped the dollar rise, and the dollar index, which measures the US currency against a basket of currencies, remained near the seven-week peak it recorded in the previous session, and reached 102.86 in the latest trading.
The price of the euro today
The euro is under pressure, making it near its lowest level in six weeks at $1.0841.
The single European currency reached $1.08105 on Wednesday, its lowest level since April 3.
As for the Japanese yen, it reached 137.50 per dollar in its latest trading, after declining by nearly one percent yesterday, Wednesday.
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