Dollar holds near multi-month high on US growth bets
Reuters
TOKYO |
Updated on
× The dollar held near a multi-month high against other major currencies on Thursday as investors bet fiscal stimulus and aggressive vaccinations will help the United States grow faster than other economies.
The dollar s index against a basket of six major currencies hit a five-month high of 93.439 on Wednesday and last stood at 93.209.
The gains came as the euro, by far the biggest component in the index, suffers from concerns the euro zone s economic recovery is being hampered by a third wave of Covid-19infections.
President Emmanuel Macron ordered France into its third national lockdown and said schools would close for three weeks while the currency bloc also lagged the United States in vaccination programmes.
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Dollar holds near multi-month high on U S growth bets
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Dollar flies high near multi-month peak on U S growth bets
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