at auction on Wednesday, September 21, the cost of the dollar jumped to a new maximum over 20 years. According to Reuters, the announcement of partial mobilization in Russia shocked the markets just before the next expected aggressive increase in the rate of the US Federal Reserve.
DXY index, which reflects the ratio of the US dollar to a basket of six other main currencies, added more than 0.5 percent during the trading and reached 110.87, the highest level since 2002. In turn, European currencies suffered from sales in foreign exchange markets. The Kremlin’s statements aggravated concern about the economic prospects of the region, which has already suffered from Russia to reduce gas supplies to Europe.
As a result, the euro fell to a two -week minimum of $ 0.9885. Pound Sterling, which fell by 0.4 percent, decreased to a new 37-year minimum of $ 1.1304.