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Tuesday, March 10, 2015

Dollar Rises to 12-Year High Amid European Bond-Buying, Fed Bets

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 5:29 PM No comments


The dollar surged to the strongest level in almost 12 years as the specter of higher U.S. interest rates and the European Central Bank’s acceleration of its bond-buying program cascaded through global financial markets.
The U.S. currency rallied against 14 of its 16 major peers as national central banks in the euro region were said to have purchased sovereign debt for a second day in their quantitative-easing program. The dollar touched the highest in 7 1/2 years versus the yen and rose to a record against the Mexican peso.
The dollar appreciated 1.4 percent to $1.0698 per euro at 5 p.m. in New York and reached $1.0693, the strongest since April 2003. It touched 122.03 yen, a level unseen since July 2007, before trading little changed at 121.13 yen.
The greenback climbed to parity with Switzerland’s franc for the first time since the Swiss National Bank removed a currency cap against the euro in January.
Source: Bloomberg

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