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Thursday, July 30, 2015

Dollar Rises to Four-Month High as U.S. Economy Gains Strength

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 6:24 PM No comments


The dollar surged to a four-month high as a report showed the U.S. economy grew in the first half of the year, a day after the Federal Reserve took a step closer to raising interest rates.
The U.S. currency strengthened against all of its 16 major peers as data showed the world’s biggest economy expanded at a faster pace in the second quarter and eked out a gain at the start of the year.
The Bloomberg Dollar Spot Index, which tracks the greenback versus 10 of its major peers, gained 0.3 percent to 1,211.54 at 3:29 p.m. in New York. It reached the highest since March, when it rose to a record in data going back to 2004.
The U.S. currency gained for a third straight day against both the euro and the yen, rising 0.5 percent to $1.0929 against the euro and 0.2 percent to 124.15 yen.
Source: Bloomberg

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