London-Sana
The dollar rose to a 16-month high today against the euro and other major currencies after a significant increase in US inflation.
Reuters reported that the dollar rose against a basket of major currencies 0.2 percent, recording 95.02 points, its highest level since July last year.
The euro fell sharply amid expectations that the European Central Bank would slow down in tightening policies, and continued to decline today to $1.1459.
The British pound also fell to a new low, the lowest in 11 months, at $1.3388.
The yen continued its sharp decline from its recent gains, falling to 114.15 against the dollar, and the Australian and New Zealand dollars recorded their lowest levels in a month.
The Australian dollar fell 0.4 percent to $0.7296, and its New Zealand counterpart lost 0.4 percent to $0.7032.
