The general index of the US dollar, which measures the performance of the dollar against a basket of currencies (Dollar Index), is trading at an increase of about 0.27%, trading at 92.71, its highest level in three sessions, while the other major currencies are recording strong declines amid anticipation in the markets for the US retail sales statement, which will be issued in US session where expectations indicate a decline in retail sales in August by -0.7, compared to -1.1 in July’s reading.

The rise in the US dollar came with the beginning of the session today, Thursday, before one of the most important data, which will play a role in determining expectations for the US Federal Reserve meeting next week, as any disappointing consumer spending data in August will raise markets’ concerns about delaying the process of reducing bond purchases, especially after the decline in inflation at the beginning of the week The biggest beneficiary in this case will be the currencies of the British pound, Canadian and New Zealand dollars, and vice versa.

If the data surprised the markets with better data than expected, the US dollar would rise against the major currencies, especially the euro and the Australian dollar. The Empire State survey, which measures manufacturing in New York, as the latest indicator released by the US economy on Wednesday, showed an increase in manufacturing activity in the region to 34.3 in September, compared to 18.3 in the August reading, as the index showed growth in the sectors of new orders, employment, and shipping and delivery.

The euro is trading against the US dollar at its lowest level in two weeks at 1.1768, coinciding with the US dollar’s rise.

The yield on US Treasuries is trading on the rise for the second consecutive session, as the yield on the ten-year bonds rises by 0.90% at 1.316.