The US dollar jumped to its highest level in the past twenty years against several other major currencies, reported AFP on Wednesday.
The increase came after Russian President Vladimir Putin announced a partial mobilization, stressing that his country is ready to use all its defensive means to protect itself, added the same source.
While the greenback is benefiting from bets on tight monetary policy ahead of the US Federal Reserve meeting later Wednesday, the dollar index, which compares the greenback to other currencies such as the Japanese yen, euro, and British pound, reached 110.87 points, the highest level since 2002, according to the same source.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.