On Friday, the dollar reaches its strongest levels in a month versus many of its widely traded rivals, as better-than-expected U.S. economic data has supported anticipations that the key U.S. rates could rise sooner than expected.
Major Currencies
Mid-morning in New York, according to EBS via CQG the euro was at $1.4621 from $1.4729 late Thursday. The dollar was recorded at Y89.63 from Y88.21, while the euro was at Y131.09 from Y129.97. The British pound was at $1.6230 from $1.6267. Whereas the dollar was at CHF1.0348 from CHF1.0263.
Dollar Index
The Dollar Index, was at 76.591 from 76.011. This index tracks the greenback against a trade-weighted basket of currencies. Since early November the index is at its highest levels, showing the dollar’s broad strength against its rivals.
