Wednesday, March 23, 2016

U.S. Dollar is Up

U.S. Dollar, currency, Forex, economy, finance

U.S. Dollar were up to a one-week high against a basket of currencies on Thursday. The U.S. dollar index were able to hit 96.235, its highest since March 16. The U.S. currency was on the front foot after St. Louis Fed President James Bullard added his support to the possibility of more U.S. interest rate hikes this year.

U.S. Dollar was up 0.4% at 112.795 yen. The euro eased to $1.1171 EUR=, leaving it well off last week's top of $1.1342. Sterling GBP also slid to $1.4096 GBP= on concerns the attacks in Brussels would aid the campaign to leave the European Union in June's "Brexit" vote. The common currency has lost 0.8% so far this week.

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