The dollar is rising as inflation fears return after OPEC’s decision to voluntarily cut production

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The dollar rose today, as fears about inflation returned after the announcement by major oil producers to cut production further.
The euro fell 0.44% to $1.0791, after touching a one-week low of $1.0788, while the Japanese yen fell 0.46% to 133.41 per dollar, and the pound sterling reached $1.2277, down 0.45%. The dollar increased 0.32% against the Swiss franc.
The dollar index, which measures the US currency against six major currencies, rose 0.078% to 103.01, crossing the threshold of 103 for the first time in a week.

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