The dollar had a good performance versus the yen and several other currencies on speculations that the Federal Reserve will consider interest rate hikes before than previously announced.
The dollar gained the most versus the British pound and the Japanese yen after Philadelphia Fed President Charles Plosser affirmed on an interview that his instincts for raising interest rates could arise earlier, raising speculations that interest rate hikes are already in the Federal Reserve agenda, which helped the dollar’s confidence to improved in currency markets towards the end of this week.
GBP/USD traded at 1.6349 as of 18:40 GMT from 1.6605 on Thursday.
If you have any questions, comments or opinions regarding the US Dollar,
feel free to post them using the commentary form below.
