USD rose for the first time in 4 days as demand levels rebounded

USD rose on Tuesday against a basket of global currencies on the verge of achieving  first gain in four days as demand levels rebounded once again on USD as the best current investment in the foreign exchange market, with most other global banks keeping monetary policies And low interest rates to counter slowing economic growth and weak inflation.

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USD index rose 0.2% to 96.92 points, the opening level of 96.66 points and the lowest level at 96.59 points.

USD index lost 0.15% on Monday, its third consecutive daily loss, as corrections continued from a two-month high of 97.19 points, as demand for the dollar slowed down as the best alternative investment.

The index was up 0.35% last week, the second weekly gain in a row, thanks to purchases of the US currency as the best investment in the foreign exchange market.

Other global currencies, especially Euro,  Pound Sterling and  Japanese Yen, face negative pressure, with strong prospects for central banks in Europe, Britain and Japan to maintain soft monetary policies and low interest rates to counter slowing economic growth and weak inflation.

Investors are awaiting Wednesday the minutes of the last meeting of the Federal Reserve, which was held on 29-30 January, looking for new signals regarding the future tightening of monetary policy and raising US interest rates during the year.

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