Dollar index resumes its rise after the largest daily decline in more than two years

The dollar index resumed its rise today, Wednesday, after it recorded the largest daily decline in more than two years, pending the release of many economic data ahead of the monthly jobs report expected at the end of this week.

The impact of the dollar’s rise – which has risen about 17% this year so far – on currencies and other economies was a source of concern, San Francisco Federal Reserve President Mary Daly said in comments reported by “Reuters”.

Daily data from the US Treasury showed the national debt climbing to an all-time high of $31.123 trillion as of Monday.

Intraday investors focus on September’s ADP non-farm private sector employment data, along with the ESM services PMI reading in the United States.

The dollar index – which measures the performance of the US currency against a basket of six major currencies – rose 0.55% to 110.81 points at exactly the hour.

The US currency rose against its Japanese counterpart by 0.2% to 144.37 yen, while the pound sterling against the dollar fell 0.78% to $1.1381, and the euro fell against the dollar by 0.65% to $0.9919.