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U.S dollar performs a rally

Weekly synopsis

U.S dollar performed an astonishing rally versus its major counterparts, last Friday, amid the latest outlook on monetary policy between the global central banks and the FED. The U.S. dollar index appreciated to 97.59.

U.S. shows better economic results

The speculation that the FED will increase rates, following the better U.S. data results, is indeed close to taking place by the end of the year.

The U.S. dollar settled at 106.13 versus the Japanese yen, tacking on 0.26%. The USD/JPY pair ended the week 1.18% higher, thus performing a second weekly consecutive rise.

The euro traded at 1.0956 against the greenback and was 0.55% weaker for the week.

Furthermore, the ECB left rates unchanged, while seeking to revive inflation and growth.

The sterling and the U.S. dollar traded at 1.3110, 0.92% lower amid concerns on Britain's current and future economic outlook.

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Monday, 25 Jul, 2016 / 7:27

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/u.s-dollar-performs-a-rally

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