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Dollar higher amid FED's hike delay

Dollar escalated thus having ended the week higher versus its other counterparts, despite that the expectations for the FED increasing rates for summer diminished.

U.S. dollar index trades 0.56% higher

The U.S. dollar index ended the week with 0.56% gains, having traded 0.65% upper on Friday.

The USD/JPY pair traded 0.42% higher for the week, dropping 0.10% on Friday, while the EUR/USD made weekly losses of 1.02%, being 0.57% lower at 1.1251 on Friday.

The GBP/USD ended the week 1.8% weaker while falling to 1.4258 on Friday.

The Australian dollar and the U.S. dollar traded at 0.7372 whereas the NZD/USD reached the 0.7059 zone, trading 0.65% lower. The USD/CAD traded at 1.2785, gaining 0.50%.

This week, the traders and the investors will be paying attention to the U.S., U.K, Switzerland, and Japan's monetary policy releases.

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Monday, 13 Jun, 2016 / 8:40

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/dollar-higher-amid-fed-s-hike-delay

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