Dollar hits six-week high
October 4, 20241 Min Read
International desk: The price of the US dollar has increased significantly against other currencies in the world currency market. Which is the highest in the last 6 weeks. Reuters reported this news in a report.

Currency

The dollar is now at a six-week high on Friday (Oct 4) ahead of a new US interest rate cut, the report said.

Analysts said the rise in the value of the dollar was due to tensions in the Middle East and the current state of the global economy.

According to Reuters data, the dollar index hit a six-week high of 101.90 on Thursday (October 3) at 102.09. That is, this index has increased by about one and a half percent. Its strongest position since last April.

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Meanwhile, the value of the euro has fallen by 1.18 percent this week. Economists in a Reuters poll expect the U.S. to add about 1.5 million jobs. While unemployment is expected to remain stable at 4.2 percent.