Dollar jumps higher as the sterling falls


Analysts said the gains Dollar It is unlikely to last long.

Fell Sterling To its lowest level in four weeks against the US currency, with a decline of 1.2 percent to $ 1.2987 in the late trading session.

The euro fell 0.3 percent to $ 1.1783.

وارتفع Dollar index, Which measures the value of the US currency against a basket of six major currencies, 0.42 percent to 93.448, after hitting a four-week high of 93.483. .

But the dollar found difficulty against the Japanese currency, falling 0.2 percent to 106.04 yen.

The yen’s rise came despite data showing that the Japanese economy contracted 28.1 percent year on year in the second quarter of the year.

In emerging markets, the Turkish lira hit a new record low, and the Russian ruble fell to its lowest level since April, amid ongoing talks of new Western sanctions.


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