However, there are other factors that are set to fuel the euro
higher against the greenback.
Europe's common currency rose to two - and - half year
highs against the greenback Monday.
Bitcoin cash (BCH) is pushing
higher against the greenback and could test the $ 1,200 mark soon, according to the technical charts.
Not exact matches
The
greenback, which had been in a bull run
against the loonie since the middle of last year, touched nine - month
highs of 1.3124 earlier in March.
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 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.
Among the
greenback's most notable gains was a fresh nine - month
high against the Canadian dollar.
The
greenback reached a
high of Y107.855
against the Japanese Yen Friday, but has since pulled back to around Y107.575.
CFB have suffered back - to - back losses due to the
high Aussie dollar but, as the dollar falls
against the
greenback, their profits rise.
The U.S. dollar index, which measures the
greenback against a basket of other currencies, moved up to 84.42 today, its
highest level since July 2010.
As for the
Greenback, it was able to claw its way
higher against the Swissy.
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.