The US dollar is falling awaiting of inflation data

13 Oct 2017 02:13 PM

Global stocks rose for the fourth consecutive day on Friday in light of expectations for the growth of the world economy, while the performance of the US dollar is the worst for five weeks as the markets watched US inflation data.

Most of the world's stock indexes rallied to record highs, while the US dollar remained puzzled by the Fed's remaining divided on inflation prospects, which recently appeared in the minutes of the Federal Open Market Committee meeting. Also, investors are looking to see who will be the next Fed Chairman as Janet Yellen's term expires next February.

The dollar index fell from a weekly high of 93.65 to hit its lowest level since September 26 at 92.61.

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