U.S. Dollar Rises Against Majors
May 25 2015 - 10:37PM
RTTF2
The U.S. dollar strengthened against the other major currencies
in the Asian session on Tuesday.
The U.S. dollar rose to a 2-1/2-month high of 121.78 against the
yen and nearly a 1-1/2-month high of 1.2327 against the Canadian
dollar, from yesterday's closing quotes of 121.54 and 1.2307,
respectively.
Against the euro, the pound and the Swiss franc, the greenback
advanced to a 4-week high of 1.0930, more than a 2-week high of
1.5431 and nearly a 4-week high of 0.9473 from yesterday's closing
quotes of 1.0976, 1.5466 and 0.9445, respectively.
If the greenback extends its uptrend, it is likely to find
resistance around 122.80 against the yen, 1.28 against the loonie,
1.06 against the euro, 1.50 against the pound and 0.98 against the
franc.
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