The dollar is appreciating against major global counterparts due to the prospect that the Fed may begin to evaluate the gradual withdrawal of stimulus to the economy, and a possible interest rate hike in the world’s largest economy.
This after US Treasury Secretary Janet Yellen admitted that a slightly higher interest rate environment would be favorable for the economy and society.
The index that measures the dollar’s performance against major currencies rises 0.17%, while the European single currency falls 0.08% to $1.2156.
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