News Column

U.S Dollar Climbs Against Majors

May 15, 2014

BRUSSELS (Alliance News) - The U.S dollar strengthened against the other major currencies in the early European session on Thursday.

The U.S dollar rose to nearly 6-week high of 1.3685 against the euro and more than 5-week high of 0.8918 against the Swiss franc, from early lows of 1.3724 and 0.8891 hit in the Asian session, respectively. The greenback closed yesterday's deals at 1.3714 against the euro and 0.8898 against the Swiss franc.

Against the pound, the greenback rose to more than a 4-week high of 1.6744, from an early low of 1.6778. The pair closed yesterday's deals at 1.6768.

Against the yen, the greenback climbed to 102.12, from an early multi-day low of 101.66. Yesterday's closing quote of the greenback-yen pair was worth 101.91.

If the greenback extends its uptrend, it is likely to find resistance around the 1.35 against the euro, 0.90 against the franc, 1.66 against the pound and 102.55 against the yen.

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Source: Alliance News

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