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Dollar to its highest level within nine months

Weekly synopsis

The dollar reached its strongest zone, within a period of nine months, versus its counterparts last Friday, with the estimations stating that the new elected President, Donald Trump, will prompt inflation and growth.

U.S. dollar index higher to 99.05

The U.S. dollar index traded to 99.05, being the highest closing zone since February. The index made a weekly appreciation of 2.02%.

The EUR/USD traded to 1.0854 and reached its lowest zone since the month of March.

The USD/JPY traded at 106.94 and appreciated 2.41%. The GBP/USD traded at 1.2592, rising 0.35% and 0.85% for the week.

The EUR/GBP traded 0.6% weaker at 0.8627 and was 2.89% lower for the week. The USD/MXN reached the 20.83 level.

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Monday, 14 Nov, 2016 / 9:22

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/dollar-to-its-highest-level-within-nine-months

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