US Dollar Has Strengthened Versus Major Currencies

Forex News

The US dollar rose against the major currencies amid rising yields on US government bonds and a decrease in the British pound. The Chinese yuan weakened against the US dollar due to continued corporate demand for the dollar and a weaker official fixation.

The People's Bank of China has lowered the average rate to 6.6347 per dollar, this is the weakest level in two weeks. The Chinese yuan is trading below 65 points or 0.1% from the previous trading session.

The British pound fell sharply because of fears that British Prime Minister Theresa May may be dismissed. It became known, that a letter about the mistrust of Theresa May was already prepared and signed by the deputies from the Conservative Party.