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US Dollar Rises Against Majors

September 30, 2014

Brussels (Sept 30)   The US dollar strengthened against the other major currencies in the European session on Tuesday.

The US dollar rose to a a 2-year high of 1.2589 against the euro, a 15-month high of 0.9579 against the Swiss franc and a 2-week high of 1.6193 against the pound, from early lows of 1.2701, 0.9498 and 1.6283, respectively. At yesterday's close, the greenback was trading at 1.2684 against the euro, 0.9512 against the franc and 1.6239 against the pound.

Against the yen, the greenback edged up to 109.70 from an early low 109.18. The pair was quoted at 109.48 at yesterday's close.

If the greenback extends its uptrend, it is likely to find resistance around 1.255 against the euro, 0.96 against the franc, 1.60 against the pound and 110.00 against the yen.

Source: RTTnews

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