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U.S. Dollar: ECB Rate Fixed Index Streaked

Jakarta (Benchmark News) – United States dollar strengthened following the weakening of the euro as well as Netanyahu’s statements from officials of the Federal Reserve about interest rates hike plan reference USA at the close of trade Thursday or Friday morning.

Bloomberg’s Dollar Index, which measures the movement of the dollar against 10 other world major currencies closed strengthened 0.45% or 5.44 points to points to 1,203.16.

As reported by Reuters, the Chairman of The Fed regions of New York William Dudley in his speech Wednesday declaring that the US central bank is likely to raise interest rates later this year if the U.S. economy remains supportive.

U.s. economic data on Thursday showed that home sales surged in September after two consecutive months of declines following the increasing number of first home buyers, that points to the underlying momentum of the economy.

The euro fell to the lowest level in four months against the U.S. dollar after the European Central Bank decide on retaining and not raise the interest rate reference.

ECB Governor Mario Draghi in his speech Thursday hinted that the European Central Bank will probably not stop the program’s quantitative easingnya without first tapering, which suggests that the stimulus will likely run until after March 2017.

The euro dropped 0.45% against the U.S. dollar to US $ 1,0925 per euro, after earlier falling to US $ 1,0916, the lowest since June 24…(Red)

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