Although the US currency typically weakens at the start of a tightening cycle, Morgan Stanley is forecasting a stronger
greenback against all major currencies through 2017.
Not exact matches
Investors sold the
greenback against most
major currencies, as the potential for an asset purchase tapering when the FOMC meets in two weeks was diminished slightly.
Gold recovered as the U.S. dollar index, which measures the
greenback's strength
against a basket of six
major currencies, slid 0.21 % to 92.09, pulling back from Tuesday's four - month highs of 92.37.
The US Dollar Index that tracks the
greenback against a basket of six
major currencies last stood at 92.39, down 0.22 %.
The U.S. dollar index, which measures the
greenback's strength
against a basket of six
major currencies, was up 0.67 % to 92.24 by 10:21 AM ET (14:21 GMT), the highest level since January 11.
After years of trading near decade lows, the
greenback rocketed 25 %
against major world
currencies.
In fact, while our dollar has appreciated strongly
against the
greenback in the past five years, it is trading within a tight range
against other
major currencies.
The U.S. dollar index is a basket of six
major world
currencies stacked up
against the
greenback.
Sure enough, the
Greenback surged higher
against its
major peers, but the
currency is still just slightly off its 2 - yesr lows
against the Euro, so there is ample room for a correction without endangering the underlying trend.