• Dollar index rises to highest since April 6
  • Dollar climbs to 15-month high vs yen
  • Aussie falls to December lows
  • Graphic: World FX rates https://tmsnrt.rs/2RBWI5E

NEW YORK July 1 (Reuters) – The dollar was little changed to slightly higher on Thursday, with most currencies trading within narrow ranges, as investors looked to Friday’s U.S. nonfarm payrolls report for clues on whether the Federal Reserve will start to reduce monetary stimulus sooner rather than later.

The U.S. dollar index, which measures the greenback against six major counterparts, rose to a three-month high of 92.547 earlier in the session. It last traded modestly higher at 92.381.

The index in June posted its best monthly performance since November 2016, driven in part by the Federal Open Market Committee’s (FOMC) unexpected hawkish shift at a meeting during the month. Fed forecasts released after the June FOMC meeting pencilled in two interest rate hikes by the end of…

Read more…

Share.

Comments are closed.