US dollar falls to its lowest level in a month due to receding interest rate expectations

The US dollar extended the decline of the European market on Wednesday, extending losses for the second consecutive day, marking the lowest level in a month against a basket of currencies, with the continued sale of US currency operations by receding expectations about the Federal Reserve to raise interest rates during One of June or July meetings , the New Zealand dollar rose for a second straight day, recording its highest level in five weeks against its US counterpart ahead of the Reserve Bank of New Zealand interest rates decision at the end of its regular meeting.

By the time 12:15 GMT, the US dollar index is trading around the level of 93.60 points from the opening level of 93.84 points, and recorded the highest level of 94.08 points and 93.53 points as the lowest level, the lowest since 6 May last .

The dollar index ended yesterday's trading down more than 0.1 percent, with the accelerated sale of US currency operations again against most currencies, especially after the decline in bets that the Federal Reserve will raise US interest rates during One of June current or July next meetings.

At a meeting June 14 to 15 of June traders do not see any opportunity to increase interest rates, down from 22 percent the average bets end of last month, and the stakes the increase in July at 18 percent, down from 55 percent.

And the US economy is waiting later in the day important data about the labor market with the release of the number of vacancies, that expected 5.67 million in April from 5.76 million in March.

And the New Zealand dollar is trading against the US dollar by 12:20 GMT around the level of 0.7011 from an opening price of 0.6977 and recorded the highest price of 0.7016, The highest since 3ed of last May and the lowest price of 0.6944.

New Zealand dollar continued to rise for the second consecutive day against the US counterpart, recording its highest level in five weeks 70.16 US cents, due to the US currency falling against most major and minor currencies.

Higher New Zealand dollar comes ahead of the Bank of New Zealand decisions at the end of its regular meeting, which is expected to keep the bank's interest rates at current levels, in light of the improvement in global commodity prices and the recovery of milk prices, as New Zealand is one of the most related country to the commodity prices and the largest exporter of milk in the world.

The central bank decisions issued by 21:00 GMT and expected to keep interest rates at their current level of 2.25 percent.