U.S. dollar rebounds from its two-week lows

Monday, 12/09/2016 | 09:19 GMT

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Weekly synopsis

U.S. dollar rebounded from its two-week lows, following the FED's comments having boosted the probabilities for a rate hike in the near short-term.

U.S. dollar index rises 0.31%

The U.S. dollar index traded to 95.33, rising 0.31%. The greenback recovered, after Eric Rosengren, Boston Fed President, said that the right measures should be taken to avoid overheating the economy.

Furthermore, the Federal Reserve increased interest rates for the first time within a period of ten years, thus the dollar becoming more attractive for the investors.

The EUR/USD traded to 1.1235, declining 0.21%, on Friday, while the USD/JPY accelerated to 102.71, rising 0.23%. The GBP/USD reached the 1.3267 zone, dropping 0.21%.

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Source: https://www.argusfx.com/en/research-education/market-analysis/weekly/u.s.-dollar-rebounds-from-its-two-week-lows

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