03.12.2014 - Dollar gains on commodity-linked currencies
The dollar rebounded on Tuesday, supported by a retreat in oil prices that has helped to lift it against commodity-linked currencies. In afternoon New York trade, the dollar index reached a 4-1/2 year high, while gaining 1.30 percent against the Norwegian crown and hitting a fresh seven-year high against the yen. Upbeat comments from two influential U.S. Federal Reserve officials stressing the positive impact on the U.S. economy of the drop in energy prices contributed to the greenback's strength...............................................Full Article: Source
Print