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Forex News: U.S. Dollar Climbs Against Majors

U.S. Dollar Climbs Against Majors

04/26/2017 - 04:10:00 (RTTNews)

(RTTNews) - Reversing direction, the U.S. dollar advanced against its major counterparts in early European deals on Wednesday.

The greenback firmed to 111.51 against the yen, its strongest since April 10.

The greenback edged up to 0.9950 versus the Swiss franc, 1.2812 against the pound and 1.3585 against the loonie, from its early lows of 0.9919, 1.2843 and 1.3557, respectively.

The greenback strengthened to a 2-week high of 0.7489 against the aussie and a 1-1/2-month high of 0.6894 against the kiwi, off its previous lows of 0.6956 and 0.7552, respectively.

The greenback, having fallen to a 5-1/2-month low of 1.0951 against the euro in the Asian session, reversed direction and rose to 1.0905.

The next possible resistance for the greenback is seen around 112.00 against the yen, 1.02 against the franc, 1.075 against the euro, 0.73 against the pound, 0.73 against the aussie, 0.67 against the kiwi and 1.38 against the loonie.

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