Dollar higher to its counterparts since 2003

Monday, 21/11/2016 | 09:35 GMT-0

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Weekly synopsis

The dollar, last Friday, appreciated to its highest areas, since April 2003, versus its major counterparts, amid the U.S. Presidential outcome and that the FED will likely increase rates as of December.

U.S. dollar index stronger to 101.41

The U.S. dollar index traded to 101.41, the strongest closing level since April 2003.

The euro region's currency, the euro, lost momentum versus the greenback, thus the EUR/USD weakening at 1.0588, ending the week 2.16% lower.

On the other hand, the USD/JPY pair gained upside momentum at the 110.89 area, rising 0.71%. The USD/CHF traded to 1.0122, and the GBP/USD approached the 1.2344 level, trading 0.61% lower.

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Source: https://www.argusfx.com/en/research-education/market-analysis/weekly/dollar-higher-to-its-counterparts-since-2003

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