The Dollar is losing momentum against the EUR and JPY

The dollar fell against the euro and the yen in yesterday's trading on the London exchange, amid the possibility of postponing the rate hike, according to "Reuters" The dollar touched a two-month low against the yen on Thursday, where it fell in the afternoon, after The latest Federal Reserve meeting revealed that some policymakers are concerned about the continued low level of inflation. Which is a blow to supporters of tightening monetary policy.
The dollar fell to 111.07 yen, its lowest since September 18. The dollar was up from that level later and hit a fresh 111.29 yen, up 0.1 percent from the previous session.
The US currency fell about 1.1 percent against the yen on Wednesday, its biggest daily drop since mid-May. The dollar index, which measures the performance of the greenback against a basket of currencies, fell to a one-month low of 93.160 earlier Thursday, and the index trimmed losses to 93.216.
The euro rose 0.1% to $ 1.1830, nearing a one-month high of $ 1.1862 recorded last week. As the dollar weakened as the minutes of the US Central Bank meeting were released, the majority of Asian emerging market currencies, including the Chinese yuan, rose.
The euro gained against the dollar on expectations of a recovery in the euro zone. A survey showed yesterday that the growth of Eurozone companies' activities is booming as the year draws to a close with the support of the European Central Bank's move last month to cut its monetary stimulus.
The survey, which covers the service and manufacturing sectors, exceeded the most optimistic forecast in Reuters surveys, and the eurozone's economy unexpectedly surged in 2017, with growth rates surpassing peers, while future indicators in the latest PMI indicate that The upside is still in momentum.
The preliminary reading of the IHS Market index for euro zone purchasing managers jumped to 57.5 this month, the highest level since April 2011, and exceeded the average forecast in a Reuters poll that there was little change from the final reading For the month of October at 56.0. The 50-point level separates growth from contraction.
The PMI, which covers the services sector that is dominant in the region's economy, also exceeded all expectations in the Reuters poll, rising from 55.0 in October to 56.2, the highest level in six months and above the average forecast of a very limited increase to 55.1.