This comes at a time when the Fed is withdrawing from market activities and the dollar is
rising against major currencies.
On the hints of a rise in rates and with the employment report on the horizon — the USD is
rising against major currency basket — just crossed above the 50 day moving average --
Not exact matches
The dollar, traded
against a basket of
major currencies,
rose as high as 92.566, the highest since Jan. 10, before retracing to 92.454.
MARKETS: The dollar held near a four - month high
against a basket of
major currencies, buoyed by the outlook for a strong U.S. economy and
rising yields amid signs of slowdown elsewhere, especially in Europe.
NEW YORK, May 2 (Reuters)- The U.S. dollar
rose to four - month highs
against a basket of
major currencies and world stock indexes mostly edged lower on Wednesday as investors awaited the outcome of a Federal Reserve meeting and possible indications on the interest rate outlook.
In 2015, the dollar enjoyed its fastest
rise in 40 years, and it continues to gain steam
against the world's other
major currencies.
Now if Fed decides to exit or even taper its QE policy, it will give
rise to a highly bullish trend in US Dollar Index which has already gone higher
against its
major rival
currencies.
Against a basket of
major currencies, the United States dollar
rose.
The U.S. dollar
rose slightly
against a basket of
major currencies helped by optimism about progress on tax reform legislation and lawmakers» efforts to avert a U.S. government shutdown on Saturday.
With improving employment figures, higher domestic production of commodities and a
rise in levels of consumer confidence, the dollar
rose in value
against major currencies around the world, climbing to $ 1.49
against the pound in the first half of 2015.
The dollar
rose against a basket of
major currencies on Monday, supported by an ongoing slump in both GBP / USD and EUR / USD.
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.
As compared to traditional
currencies, bitcoin's
rise exceeded that of nearly every
major nation, as did precious metals (which are often compared to cryptocurrencies based on limited supply, independence from governments and usage as a hedge
against a collapse in traditional financial markets).