Dollar edges up, hits highest level in more than 4 months against euro By Reuters

0 5
© Reuters. FILE PHOTO: A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. REUTERS/Kacper Pempel By Caroline Valetkevitch NEW YORK (Reuters) - The U.S. dollar edged up on Tuesday, touching a more than four-month high against the euro, as investors speculated further over whether recent strong jobs data could push the Federal Reserve to soon start tapering its bond-buying program. The , which measures the greenback against a basket of currencies, rose for a third straight session and hit its highest level in about three weeks. It was last up 0.1% on the day. In cryptocurrencies, bitcoin was down 1.7% at $45,530.05, having hit a three-month high of $46,759 overnight. Ether was down 0.9% at $3,139.15. The dollar has risen recently with U.S. bond yields as the prospect of reduced Fed stimulus weakened bond prices. "The dollar is well bid, and it's been well bid since the middle of last week," said Marc Cha
Subscribe or log in to read the rest of this content.
Leave A Reply

Your email address will not be published.

At The Centre of Every Trade
$59.95/month