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USD index hits highest mark since 2017

  • Regular
  • FX Market
  • 2 weeks ago
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The USD gained ground against most other currencies, the index rose by 0.2% to 99.585 which is its highest level since May 2017.

As the Fed takes a dovish stance on interest rates and a resilient U.S. economy have helped to bolster the greenback.

Meanwhile, the EUR has taken yet another bashing as weak economic data from the EU points to weak manufacturing and inflation losing its momentum regardless of Draghi’s efforts of a stimulus package earlier in September.

 

 

Source: Smart Trend Team