After trading in a range of 90 to 94 cents from July to October, the currency «appreciated sharply» to average about 96 cents over the past 10 days, a move the central bank attributed to «a broader depreciation of the U.S.
dollar against most major currencies.»
The externals have been mixed so far this week with the global equity markets in a light round of profit taking selling while the U.S. dollar is correcting to the downside after hitting new
highs against most major currency pairs.
The dollar came under heavy selling
pressure against most major currencies in the wake of the Fed's announcement, which triggered a round of complaints from emerging markets worried about controlling inflation and maintaining their global competitiveness.
The U.S. dollar was up between 5 % and 10 %
against most major currencies since early June through September 30, 2014, negatively impacting currency translated returns, particularly in our two unhedged Funds.
That came as the greenback strengthened
against most major currencies amid renewed expectations of a rate hike by the Federal Reserve following encourage signs from the U.S. economy.
Dollar Rises as Investors Cut Exposure to Higher Yielding Assets The U.S. Dollar is up
sharply against most major currency as investors continue to cut exposure to higher risk and higher yielding assets.
The dollar rallied over 20 %
against most major currencies.