The US dollar rose during trading on Friday, as data indicated the strength of the US labor market, which may prompt the Federal Reserve (the central bank) to keep interest rates high for a longer period, while the yen strengthened after the acceleration of core consumer price inflation in Japan again in June, according to .
dollar
The rise of the dollar and inflation data in Japan boost the yen
A market will hold, next week, meetings of central banks in Europe, Japan and the United States, while investors analyze the data in order to better anticipate monetary policy paths.
The yen rose 0.08% to 139.97 per dollar, after Japan’s core consumer price index rose 3.3% in June from a year earlier, in line with median market expectations, but still above the Bank of Japan’s 2% target.
The data enhances the chances of the Bank of Japan amending its inflation forecast for this year, by raising new expectations, next week.
The yen has fallen about 1% against the dollar this week and is on track to halt two weeks of gains.
Meanwhile, data revealed that the number of Americans filing new applications for unemployment benefits fell unexpectedly last week, touching a two-month low, indicating continued strength in the labor market.
The markets also expect the US Central Bank to raise interest rates by 25 basis points next week, and the odds of it continuing to raise interest rates increased after the data.
Against a basket of currencies, the dollar rose 0.03% to 100.78, and the index is on track to gain 1% during the week.
Foreign exchange rates globally today, Friday, July 21, 2023.. foreign exchange rates against the dollar
The price of the single European currency, the euro, was fixed at 1.09 against the dollar, by 10:15 a.m. UTC.
The price of the Japanese currency “yen” was also traded at 0.0071 by 10:15 am UTC, according to .
Foreign exchange rates against the dollar
- The price of the pound sterling was 1.25 against the dollar by 9:49 am UTC
- The Australian dollar was flat at 0.67 by 10:16 AM UTC
- The Hong Kong dollar was at 7.85 by 10:16 am UTC.
- The Canadian dollar was at 0.75 by 10:17 AM UTC
- The Russian ruble was trading at 0.011 by 10:17 am UTC.
- While the Swedish krona reached. 0.098 by 10:17 a.m. UTC
- and the Chinese Yuan to 0.15 by 10:18 a.m. UTC.
Foreign exchange rates against the pound
The price of the dollar today
The price of the dollar today against the Egyptian pound is at 30.75 pounds for purchase, and 30.85 pounds for sale, according to the latest updates from the National Bank of Egypt.
The price of the euro today
The exchange rate of the euro against the Egyptian pound, at 34.40 pounds for purchase, 34.67 pounds for sale, according to the latest updates of the National Bank of Egypt.
The price of the pound sterling today
The exchange rate of the British pound against the Egyptian pound is 39.59 pounds for purchase, 40.24 pounds for sale, according to the latest updates of the National Bank of Egypt.
The price of the Saudi riyal today
The exchange rate of the Saudi riyal against the Egyptian pound, at a price of 8.19 pounds for purchase, and 8.22 pounds for sale, according to the latest updates of the National Bank of Egypt.
The price of the Kuwaiti dinar today
The exchange rate of the Kuwaiti dinar today against the Egyptian pound, 99.65 pounds for purchase, and 100.67 pounds for sale, and these prices are according to the latest updates of the National Bank of Egypt.