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The general index of the US dollar continues to trade at its highest level since March at 103.20 levels, an increase of 0.46%, in the middle of trading today, Thursday, with the opening of the US markets, up for the third session in a row, supported by positive economic data issued by the US economy, in addition to the statements of the US Federal Reserve members, which supported<\/span><\/span> More rate hikes from the Fed.<\/span><\/span><\/p>\n Manufacturing activity in the Philadelphia region continued to decline in general in May by -10.4, compared to -31.3 in April, the ninth negative reading for the index, but it came better than market expectations, which indicated a decline to 19.5 – as the new orders index rose by about 14 points.<\/span><\/span> to -8.9, while the current shipments index increased by 3 points to -4.7, and the employment index decreased from -0.2 to -8.6.<\/span><\/span><\/p>\n On the other hand, the weekly unemployment claims index in the United States of America declined by 22 thousand applications to 242 thousand in the last week ending on May 14th, better than expectations, which indicated a rise to 253 thousand applications.<\/span><\/span><\/p>\n President of the Federal Reserve in Dallas Logan added support to the gains of the US dollar, after he indicated in his statements in San Antonio today that the current data does not justify a temporary halt to raising interest rates, and he believes that a rate hike in the June meeting may be required.<\/span><\/span><\/p>\n Futures forecasts using CME’s FEDWatch tool now see interest rates hike by 25 basis points at the June meeting by around 35%, compared to 27% on Wednesday.<\/span><\/span><\/p>\n The Japanese yen traded at 138 levels for the first time this year, while the euro traded against the US dollar at 1.0785 levels, its lowest level since last March.<\/span><\/span><\/p>\n The yellow metal, in turn, is declining for the third consecutive session, trading at its lowest level since last April, losing more than 1%, and trading at $1958 an ounce, affected by the rises of the US dollar.<\/span><\/span><\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" The general index of the US dollar continues to trade at its highest level since March at 103.20 levels, an increase of 0.46%, in the middle of trading today, Thursday, with the opening of the US markets, up for the third session in a row, supported by positive economic data issued by the US economy, […]<\/p>\n","protected":false},"author":1,"featured_media":6664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-6663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-currency-markets"],"acf":[],"yoast_head":"\n