Dollar reaches a new high ahead of US manufacturing data release

Source: Investing.com
© Scanpix/AFP
On Friday the US Dollar climbed to a nine-year high versus other major currencies, prior to US manufacturing data report release. On account of the recent US data, expectations were increased for the Fed to raise interest rate in the near future, supporting the currency. The Greenback index gained 0.55% to 91.14, the highest since 2005, while EUR/USD hit the lowest in a 4.5-year period to 1.2035.
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