USD jumped to a five-week high against a basket of world currencies on Thursday, extending its gains for the sixth consecutive day, among the longest daily gains in 2019, supporting a strong demand for USD as the best existing investment in the foreign exchange market, The negative pressures facing various major and minor currencies remained.

USD index rose 0.3% to 96.44 points, the highest level since January 2, with the opening level at 96.15 points and the lowest at 96.14 points.

Yesterday, the index gained 0.2%, its fifth consecutive daily gain, as US currency purchases continued against a basket of global currencies.

Investors are focusing on buying the US currency as the best current investment in the foreign exchange market, especially as negative pressures against major major and minor currencies, especially the Euro and British Pound, are increasing.

Euro is currently facing weak data in Europe, confirming the sharp decline in economic growth since the middle of last year, boosting speculation that the central bank will continue to maintain soft monetary policy and low interest rates to halt the slowdown.

In Britain, the central bank warned that the royal economy may record the lowest growth rate since the global financial crisis in 2009, as well as the global economic slowdown and uncertainty about the country’s secession from the EU.

In Australia, the central bank acknowledged the growing economic risks and opened up the possibility of a rate cut this year. This is a significant shift in the Bank’s bias to long-term emphasis.