The dollar exchange rate today, on average, has approached its lowest level for 11 weeks amid reduced income from American short-term securities following a series of weak economic data.
This trend is caused by several factors, including. As noted by one of the analysts, "The trend of dollar weakening today is associated with several aspects: reduced income from short-term U.S. securities and a deterioration in relation to rising employment in the private sector, which increases investors' concerns about the long-term prospects of the U.S. economy."
It is expected that the American currency will maintain its declining trend in the coming days, and the dollar rate will continue to decrease against the backdrop of uncertainty in global markets and expectations of subsequent economic indicators.
