U.S. Dollar Extends Rise Against Most Majors
July 07 2015 - 5:43AM
RTTF2
The U.S. dollar extended its early strength against most major
currencies ahead of European session on Tuesday.
The U.S. dollar rose to nearly a 3-1/2-month high of 1.2707
against the Canadian dollar, from an early low of 1.2643.
Against the euro, the pound and the Swiss franc, the greenback
climbed to an 8-day high of 1.0958, more than a 3-week high of
1.5496 and a 5-day high of 0.9479 from early lows of 1.1057, 1.5608
and 0.9420, respectively.
Moving away from early lows of 1.7500 against the Australian
dollar and 0.6685 against the NZ dollar, the greenback advanced to
a 6-year low of 0.7424 and a 5-year low of 0.6619,
respectively.
If the greenback extends its uptrend, it is likely to find
resistance around 1.28 against the loonie, 1.07 against the euro,
1.52 against the pound, 0.97 against the franc, 0.72 against the
aussie and 0.65 against the kiwi.
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