business
breaking news The US Dollar hits new highs for the day
The US Dollar is at the best level of the day and hit multi-month highs against the Yen, New Zealand Dollar and Euro.
It looks more and more like the dollar is breaking out on a technical basis. USD/JPY broke through 1.40 yesterday and is now at 140.45 with little blockage on the way up.
The Bank of Japan attempted mild verbal intervention earlier with little effect.
The New Zealand Dollar was undercut this week by a dovish RBNZ and is now threatening the 0.6000 level for the first time since November.
The Euro bears are also out as the pair threatens 1.0700 for the first time since March.
With the rise of the dollar, commodities are beginning to wilt again. Gold fell flat on the day and oil halved its gains.
cnbctv18-forexlive-benzinga
Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
