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Forex News: U.S. Dollar Rises Against Majors

U.S. Dollar Rises Against Majors

08/31/2017 - 00:16:00 (RTTNews)

(RTTNews) - The U.S. dollar strengthened against major currencies in the Asian session on Thursday.

The U.S. dollar rose to more than a 2-week high of 110.61 against the yen and nearly a 2-week high of 1.2651 against the Canadian dollar, from yesterday's closing quotes of 110.23 and 1.2618, respectively.

Against the euro and the Swiss franc, the greenback advanced to 6-day highs of 1.1871 and 0.9646 from yesterday's closing quotes of 1.1883 and 0.9635, respectively.

The greenback edged up to 1.2905 against the pound, from yesterday's closing value of 1.2924.

If the greenback extends its uptrend, it is likely to find resistance around 112.00 against the yen, 1.29 against the loonie, 1.16 against the euro, 0.98 against the franc and 1.27 against the pound.

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