Dollar after inflation fell against world currencies
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After US inflation slowed down to 3% in June, the dollar began to rapidly weaken against other currencies in the world. This is signaled by the Bloomberg Dollar Spot Index, which reflects the ratio of the dollar to 10 leading global currencies: on July 14, the index fell below 1200 for the first time since April 2022. On July 17, the rate corrected to 1203.71.
According to Bloomberg on July 17, the price of the US currency fell from June 0.92 to 0.89 euros for the first time since February 2022 and from 0.79 to 0.76 British pounds for the first time since April 2022. The dollar began to cost 0.86 Swiss franc after the June 0.90, this is below the levels of the end of 2020. It weakened not only against the currencies of Western countries, on July 17 the dollar traded for 7.17 Chinese yuan and for 139 Japanese yen – these are close to the minimum for almost two months.
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