Dollar index near 5-year highs amid U.S. optimism The dollar was trading near five-year highs against the other major currencies on Friday, as Thursdays U.S. jobless claims data and the Federal Reserves most recent policy statement continued to support. The dollar remained supported after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending December 12 fell by 6,000 to 289,000 from the previous week’s revised total of 295,000. Economist had forecast an increase of 1,000. The data came a day after the Fed said it would be patient before raising rates, guidance which it said is consistent with earlier assurances statement that rates would stay low for a considerable time. Fed Chair Janet Yellen said the central bank was unlikely to raise rates for the next couple of meetings indicating that a move in April at the earliest is possible. The U.S. dollar index, which measures the greenback against a basket of six major currencies, was up 0.15% to 89.58, not far from last weeks five-year high of 89.78. The dollar held steady close to to 19-month highs against the Swiss franc, with USD/CHF at 0.9804, while EUR/CHF was little changed at 1.2036. read more : forex-tsd/financial-news-analytics/26338-forex-news-714.html#post719400
Posted on: Fri, 19 Dec 2014 11:07:34 +0000
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