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Dollar higher amid Yellen's statement

Dollar climbs against its counterparts, amid Yellen's statement that the interest rates in the U.S. may rise soon, and as the growth for the first quarter was revised higher.

U.S. dollar index trades at 95.77

The U.S. dollar index, before settling 0.62% higher at 95.73, traded at 95.77.

The greenback will likely resume rising, should it be the scenario where the labour market and the economy as a whole escalate, as per the economists' and the analysts' estimations.

Surveys highlighted that the U.S dollar is more attractive in the condition of higher positive rates.

The nation's gross domestic product climbed, having surpassed the estimates of 0.5%, by an annualized rate of 0.8%.

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Monday, 30 May, 2016 / 8:13

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/dollar-higher-amid-yellen-s-statement

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