Dollar extends gains to near two-week high

Economies.com
2019-01-16 12:42PM UTC

Dollar rose in European trade against a basket of major currencies for another session, nearing two-week highs as demand improved on the greenback while other major rivals, especially euro and sterling, face Brexit turmoil. 

 

The dollar index rose 0.25% to 95.78 from the opening of 95.55, with a session-low at 95.47. 

 

The index rose 0.4% yesterday, the third profit in four days, marking two-week highs at 95.88 while resuming gains against a basket of major and secondary rivals. 

 

Surging risks in Europe overcame weak US inflation data for December to prop up the greenback. 

 

The British Parliament voted on Tuesday overwhelmingly against the Brexit deal with the EU, deepening a political crisis and damaging euro and sterling in its path. 

 

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