The dollar rises to the largest monthly rate with investors using safe ports
The US dollar has risen at the largest monthly rate, with investors buying safe ports, amid a widespread drop in global stock and bond markets. The Bloomberg index of the Republic of the dollar has climbed to 0.7%, which is the biggest daily profit since July 30. The dollar was stronger against all the currencies of the Grand in Group of Group, while the Japanese yen and the British pound dropped sharply. The rise of the dollar as a safe haven, the dollar used as a relatively stable haven on a day when news of the fragile British budget and the possibility of political turmoil in Japan. Despite the expectation of the slowdown in employment numbers, the dollar may receive support from the stop of the yuan, the possibility of setting up fees on the “Brics” countries and the usual seasonal power in September, according to “PIN” analysts, including Chris Tourner. The British pound fell 1.2% to $ 1,3379. The record yield for British bonds for ten years is highest among the group of seven countries, while the increase in debt costs can worsen the critical financial situation Rachel Reeves face before the budget is offered in the fall. Also read: A debt storm shakes Britain. The mortgage returned and stormer under the pressure of the yen for political reasons also saw a decline, with a decrease by more than 1% to 148.79 against the dollar, which is the lowest in a month, amid the escalation of the pressure to a report that the Secretary -General of the Liberal Democratic Party, the prevailing Democratic Party. Meanwhile, the statements of the Deputy Governor of the Bank of Japan, Ryuzo Hemino, gave no indications of the tightening of monetary policy. The hedging costs of currency fluctuations have increased over the different deadlines, with the rise of demand for short -term options, as traders are ready to report the US posts scheduled for Friday.