U.S. Dollar Extends Rally Against Majors
May 09 2017 - 5:30AM
RTTF2
The U.S. dollar extended its early rally against its major
opponents in early New York deals on Tuesday.
The greenback advanced to a 4-day high of 1.2903 against the
pound and more than a 3-week high of 1.0055 against the franc, off
its early lows of 1.2960 and 0.9975, respectively.
The greenback strengthened to near a 2-month high of 114.11
versus the yen and near a 2-week high of 1.0874 against the euro,
coming off from its previous lows of 113.13 and 1.0933,
respectively.
The greenback hit a 4-day high of 1.3743 against the loonie,
from a low of 1.3670 hit at 5:00 am ET.
The greenback is likely to find resistance around 115.00 against
the yen, 1.02 against the franc, 1.07 against the euro, 1.26
against the pound and 1.39 against the loonie.
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