US dollar index
With regard to the US dollar index, today’s trading ended, with an increase in the US currency index by 0.66%, and thus the green currency recorded its highest level over the past three weeks, as the unexpected rise in retail sales data in August pushed it away Investors are not taking risks, especially as this increases the chances of the Federal Reserve going to reduce the volume of its bond purchases earlier, compared to what is expected.
These developments also caused the euro index to close this week with a decline of 0.75%, and thus it recorded its lowest level in a month, and this coincides with the losses recorded by US stocks on a weekly basis, especially since investors have already begun to reveal the decrease The early phasing out of the Fed’s asset purchase program, during the upcoming FOMC meeting, as well as the impact of the regulatory crackdown from China.
The loss of the Standard & Poor’s S & P 500 index, according to reports issued, was about 0.57%, and therefore it is falling to its lowest level in a month. with a value of 0.07%.