Today, the dollar approaches its highest level in two months, amid growing financial and economic problems ranging from Asia and the Pacific to Europe, which put pressure on the currencies of the big countries within the group of ten. The Bloomberg Dollar Spot Index rose 0.2%and approached its highest level since early August. This increase was supported by purchasing options to sell the euro and yen through hedge funds that bet on the strength of the dollar, according to traders in Asia. After the US currency has dropped to more than two years over the past few days in more than two years, the US currency has gained a momentum over the past few days, as a series of negative factors abroad has overshadowed any potential impact of the government’s closure in the United States. You might be interested in: What happens if the US government closes? The pressure on the euro and the euro yen was under pressure due to political turmoil in France, while the yen, in the midst of speculation, that Japan’s new prime minister prefers to delay the rate of raising interest rates as he further expanded in fiscal policy. “With increasing concerns about the sustainability of financial conditions in Japan and France, the market is currently reconsidering its view of the macro economic prospects in the United States,” said Eugenia Fabone Victorino, head of the Asian markets at Scandinaaviska and Thicka Banken AB. Also read: France’s political turmoil shakes the euro and deepens the bets. The least bad US economy. Despite the continued closing of the government in the United States, traders unexpectedly regard the US economy as the least bad among the most important economies. The US dollar got an extra boost on Wednesday, after the New Zealand dollar dropped to the lowest level in six months, after the central bank interested interest rates more than expected, while indicating that it was prepared to make further cuts in the future.
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