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Dollar higher amid rate hike' expectations

Weekly synopsis

The dollar escalated against its main counterparts, last Friday, amid the latest releases that the economists and the analysts are expecting that the FED will be hiking interest rates following this week's policy meeting.

U.S. dollar index to 101.60

The U.S. dollar index traded to 101.60, having escalated 0.48%. The EUR/USD traded at 1.0555, falling 0.57%.

The GBP/USD traded 0.62% weaker at the 1.2589 level, and the USD/CAD pair reached its lowest zone at the 1.3188.

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Monday, 12 Dec, 2016 / 9:02

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/dollar-higher-amid-rate-hike-expectations

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