U.S. Dollar Advances Against Majors
July 25 2014 - 4:29AM
RTTF2
The U.S. dollar recovered from its early lows against the other
major currencies and rose in the early European session on
Friday.
The U.S. dollar rose to a 5-month high of 0.9043 against the
Swiss franc, from an early low of 0.9017. The greenback closed
yesterday's deals at 0.9022.
The U.S. dollar advanced to 0.8551 against the NZ dollar for the
first time since June 12. This may be compared to an early low of
0.8585. At yesterday's close, the greenback was trading at
0.8570.
Moving away from early lows of 1.0737 against the Canadian
dollar and 101.70 against the yen, the greenback rose to a 1-week
high of 1.0762 and a 3-week high of 101.91, respectively. The
greenback was quoted at 1.0742 against the loonie and 101.79
against the yen at yesterday's close.
The greenback, which ended yesterday's deals at 1.6984 against
the pound and 1.3462 against the euro, rallied to 1.6997 and
1.3441, respectively. This may be compared to early lows of 1.6997
against the pound and 1.3462 against the euro.
If the greenback extends its uptrend, it is likely to find
resistance around 1.342 against the euro, 1.691 against the pound,
0.91 against the franc, 102.00 against the yen, 0.84 against the
kiwi and 1.08 against the loonie.
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