Sterling, Euro Slide as Dollar Marches Higher

SINGAPORE/TOKYO—The dollar gained ground against the euro and sterling on Thursday after earlier hitting a 24-year peak against the Japanese yen, as investors positioned for higher U.S. interest rates and remained concerned about the health of European economies.
The euro slid 0.37 percent to just hold above parity against the dollar at $1.10016, while the pound hit a fresh two-and-a-half year low of $1.15545 down around 0.5 percent, as the safe-haven dollar was supported by moves away from riskier assets.
The U.S. dollar index, which measures the greenback against a basket of currencies, was up 0.34 percent at 109.09, not far off its two-decade high of 109.48 hit on Monday….
You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes