The dollar is retreating to a 10-day low

Media In \ Agencies 20-12-2018

The dollar fell to a 10-day low on Thursday against rivals as concerns over the United States were in the throes of a sharp economic slowdown next year despite the Federal Reserve raising its benchmark interest rate for the fourth time this year.
Although US policymakers say they may raise interest rates three times by early 2020, the yield curve on US bonds, widely seen as an indicator of future economic recession, has stabilized at 10 basis points and slightly above its 11-year low. Earlier this month.
The dollar index fell 0.4 percent to 96.68, close to a nine-day low of 96.554 recorded in the previous session.
The yen rose 0.5 percent to 111.92 yen per dollar and headed towards the fifth day of gains respectively. In a widely expected decision, the Bank of Japan kept the interest rate unchanged and its monetary policy was very choppy.
The euro was leading the bulls in London, adding 0.5 percent to $ 1.1428.
The euro received support from the news of an agreement between Italy and the European Commission on the Rome budget for 2019 and some strong trade data this week.