The dollar is declining and the currencies that involve risks are rising

The dollar fell and the major rival currencies posted gains on Monday as risk appetite returned to the currency markets, while investors assessed the potential impact of an expected hike in US interest rates this week.

The Federal Reserve indicated a 75 basis point rate hike at its meetings on July 26-27, despite data last week showing inflation reached 9.1 percent year-on-year in June, raising the prospect of a larger 100 basis point rate hike at a later time. later this year.

By 1036 GMT, the dollar index fell 0.2 percent to 106.49, while the euro rose by $ 1.02195.

The dollar rose against the Japanese yen 0.2 percent to 136.375 yen to the dollar.

The pound rose 0.2 percent to $1.2035.