The dollar strengthened against nearly all of its rivals Thursday after Federal Reserve Chairwoman Janet Yellen reiterated that the central bank would likely raise rates later in the year, helping to shift investors’ focus back to the divergence between monetary policy in the U.S. and most other economies.The ICE U.S. Dollar Index DXY, -0.18% a measure of the dollar’s strength against a basket of six currencies, was up 0.5% to 97.6590.
The euro EURUSD, +0.2299% recently traded at $1.0875 recently, compared with $1.0954 late Wednesday in New York.
Elsewhere, the pound GBPUSD, +0.1537% traded at $1.5609, from $1.56534. The dollar USDJPY, -0.06% traded at 124.11 yen, from ¥123.92 late Wednesday in New York.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment