Weekly outlook: August 18 - 22 The dollar was lower against the yen and the Swiss franc on Friday as heightened geopolitical tensions underpinned safe haven demand, while the euro moved higher, bolstered by expectations for fresh stimulus by the European Central Bank. Tensions over the crisis in Ukraine escalated on Friday following reports that Ukraines military attacked and destroyed a number of armored vehicles that entered the country from Russia. USD/JPY touched session lows of 102.14 and was down 0.09% to 102.35 late Friday. USD/CHF ended Friday’s session at a three week low of 0.9024, down 0.46%. The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.20% to 81.48. read more : forex-tsd/financial-news-analytics/26338-forex-news-657.html#post697660
Posted on: Sun, 17 Aug 2014 11:54:16 +0000