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Buoyant US dollar on course for its longest weekly winning streak since 2014

From nasdaq.com

The dollar was headed for its longest weekly winning streak in nine years on Friday, bolstered by a resilient run of U.S. economic data that has also put the end of the Federal Reserve's rate-hike cycle into question. In Asia, traders were keenly watching moves in the Chinese currency, after the onshore yuan CNY=CFXS tumbled to a 16-year low in the previous session. The U.S. dollar index =USD, which measures the greenback against its major peers, steadied at 105.02 in early trade, not far from the previous session's six-month high of 105.15. The index was on track to extend its gains into an eighth straight week, and ... (full story)

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  • Category: Fundamental Analysis