US dollar falls to lowest level in 8 weeks due to faded hopes of raising interest rates

The US dollar extended the decline of European market on Friday, extending losses for a third consecutive against a basket of major currencies and secondary schools for the day, its lowest level in eight weeks due to fading hopes of raising US interest rates during September and the increasing likelihood of postponement filed for next year, the dollar was steady Canadian against the US counterpart within a limited scale such as consumer prices and retail sales data in Canada. The US dollar index is trading by the time 11:55 GMT on the level of 95.45 points from the opening level of 95.77 points, scored 95.80 points, the highest level and the lowest level of 95.31 points, the lowest since June 30. The index yesterday fell by 0.8 percent in the second daily loss in a row with the continued sale of US currency operations after the last meeting of the Federal Reserve Minutes explained the difficulty of raising interest rates in September next September in light of the weakness of the labor market data and away the pace of inflation from the normal level. Figures released showed today in Beijing deepen the contraction of the Chinese manufacturing sector during August and registered its lowest level since 2009, in a new negative sign for the growth of the second largest economy in the world, which could push the Bank of the people, "the Chinese central bank" more stimulus measures, especially the cut New to the value of the yuan, which may lead to ignition global currency war, and the increasing likelihood of postponement raise US interest rates until next year.

Decline in US industrial PMI

Released from the US economy reading industrial purchases for the month of August / August Managers Index with a value of 52.9 against the value of 53.8 in the previous reading for the month of July last, and so the current reading is worse than analysts' forecasts, which pointed to the widening Almadhar to $ 53.9.

Gold prices rise to its highest level in six weeks

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Gold prices rose significantly for the third consecutive session amid falling US dollar index for the third straight session, according to the inverse relationship between them following the developments in Athens and economic data that Tbanha Friday from the US economy, which showed decline in industrial purchasing managers index during August / August other than expectations. Promptly at 9:25 pm GMT Gold futures showed deliver 15 December / December rose to trade at 1,159.22 $ an ounce compared with the opening levels at 1,153.16 $ an ounce after it achieved the highest level since the seventh of July last at 1,168.24 $ an ounce, while the minimum achieved her during the trading session at $ 1,148.95 per ounce.