The dollar begins to strengthen after the fall of the fall at the beginning of the week
The dollar received support after the regional review of the Federal Reserve System (FRS) Beige Book, published on Wednesday.
Economic activity in most US regions continued to grow in April-May. According to experts, this fact is in favor of raising the benchmark interest rate by the US Central Bank.
It should be noted that in the near future the dollar may start correction, due to the fact that Japanese investors have reduced interest in relation to USD. Strengthening of the Yen is supported by the tension of the situation with North Korea.
The dollar’s exchange rate against the yen increased to 111.06 against 110.78 the day before, the euro gained price 124.82 compared to 124.56 yen in the previous week.
Analysis by AccentForex analyst Aarush Marwari.