The European Central Bank raised the interest rate, which affected the change in the value of the currencies.
The dollar fell sharply on Friday, September 9th. The reason for this is that the European Central Bank has raised interest rates. Reuters reported this on Friday, September 9.
The dollar lost across the board, and the dollar index, which tracks the dollar against six major currencies, fell 1% to 108,400.
At the same time, the euro jumped 1.1% to a three-week high of $1.01105, a day after the ECB raised its key interest rate by an unprecedented 75 basis points.
Markets are pricing in an 87% chance that the US Federal Reserve will raise rates again by 75 basis points this month.
Currencies considered riskier also benefited from higher market sentiment at the end of the week, reflected in higher European stock markets.
The pound gained 1.2% to $1.16330 after falling slightly a day before the death of Queen Elizabeth.
The Japanese yen posted its best daily gain in a month, climbing 1.4% to 142.05 yen per dollar, off a recent 24-year low.
The Australian dollar posted its best daily gain in three months, climbing 1.8% against the greenback to $0.68730, also rebounding from deep lows.
Even cryptocurrencies have increased at the cost of the dollar, and bitcoin has returned above 20 thousand dollars and increased in price by 7%.
Recall that the exchange rate of the euro against the dollar dropped to a 20-year low and reached $0.99 (-0.5%) against the backdrop of the Nord Stream-1 shutdown.
In addition, the dollar on Monday, August 29, rose to a 20-year high against a basket of currencies.
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Source: korrespondent
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