Indices

Dollar Begins Higher While Trend Indicates Otherwise

Dollar Begins Higher While Trend Indicates Otherwise

 

 

The dollar opened higher on Wednesday in the European market while the trends were supporting otherwise.  Initially, the prices of EUR/USD surged by 0.01%, which is 1.1535 after touching $1.1547 earlier in the day in the Asian market. It was at its peak since January 2019. 

The dollar index saw a hike of 0.1 %, that is 95.097 after falling to 95.007 post March.  Besides,  USD/JPY reached 106.87 (up by 0.1%) and AUD/USD 0.7149 (up by 0.3%). The prices rose highest after April previous year. However, GBP/USD saw a low of 0.1 %.  The experts are expecting it to rise to 1.20.

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