The dollar headed for
its longest stretch of weekly gains since March after Federal Reserve
Chair Janet Yellen reiterated the U.S. is on track to raise interest
rates this year.
The U.S. currency was
set for its biggest weekly gain in almost two months versus the euro
after the Greek parliament voted to accept further austerity required
for a new bailout, clearing one obstacle to higher U.S. borrowing costs.
The New Zealand dollar plunged to a six-year low after whole milk
powder prices slumped at an auction. The Aussie remained lower with its
Canadian peer after the Bank of Canada cut rates.
The Bloomberg Dollar
Spot Index, which tracks the U.S. currency against 10 of its major
peers, was at 1,202.17 as of 9:17 a.m. in Tokyo, after closing at
1,200.76 on Wednesday, the highest since April 13. It has risen 1.1
percent this week.
The greenback traded at $1.0933 per euro from $1.0950 in New York. It added 0.1 percent to 123.89 yen.
The U.S. currency may gain to $1.02 per euro and to 130 yen by Dec. 31, Fujiki said.
Source : Bloomberg
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