U.S. Dollar Rises Against Most Majors
May 29 2016 - 9:03PM
RTTF2
The U.S. dollar strengthened against most major currencies in
the Asian session on Monday.
The U.S. dollar rose to a 2-1/2-month high of 1.1098 against the
euro, nearly a 3-month high of 0.9951 against the Swiss franc and
more than 1-month high of 111.15 against the yen, from last week's
closing quotes of 1.1109, 0.9938 and 110.19, respectively.
Against the Australian, the New Zealand and the Canadian
dollars, the greenback advanced to a 6-day high of 0.7149, more
than a 2-month high of 0.6675 and a 5-day high of 1.3092 from
Friday's closing quotes of 0.7179, 0.6703 and 1.3023,
respectively.
If the greenback extends its uptrend, it is likely to find
resistance around 1.09 against the euro, 1.02 against the franc,
113.00 against the yen, 0.70 against the aussie, 0.65 against the
kiwi and 1.34 against the loonie.
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