This week the dollar ended with the highest rate against the European common currency. This happened after it has been suggested by the positive reports in the U.S. that the North American economy’s pace of recovery is accelerating. This in turn attracted investors to dollar priced assets.
Dollar supported by better than expected US Retails Data
The dollar gained versus most of the 16 main traded currencies reverting a losing streak this week by which it was set to the lowest level in 2009 in the beginning of December. This gain was the result of a report published in the United States indicating better than expected figures for retail sales and an increase in consumer sentiment.
