TORONTO (Dow Jones)--The dollar extended its gains across the board Friday afternoon as rival currencies capitulated to the greenback's show of strength on expectations U.S. interest rates could rise earlier than previously thought.
The dollar's renewed rally took it to its biggest single-session advance on the yen so far this year, up 2.8% on the day. It hit a one-month peak versus the yen and its highest level in two weeks against the euro.
The Dollar Index, which tracks the greenback against a trade-weighted basket of currencies, also hit a one-month high, up 1.7% since late Thursday.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment