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Forex News: U.S. Dollar Rises Against Majors

U.S. Dollar Rises Against Majors

10/26/2023 - 02:18:00 (RTTNews)

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

The U.S. dollar rose to more than a 1-year high of 150.51 against the yen and more than a 3-week high of 1.2076 against the pound, from yesterday's closing quotes of 150.10 and 1.2103, respectively.

Against the euro and the Swiss franc, the greenback advanced to 1-week highs of 1.0541 and 0.8987 from Wednesday's closing quotes of 1.0566 and 0.8967, respectively.

The greenback climbed to more than a 7-month high of 1.3819 against the Canadian dollar, from yesterday's closing value of 1.3804.

If the greenback extends its uptrend, it is likely to find resistance around 152.00 against the yen, 1.19 against the pound, 1.04 against the euro, 0.92 against the franc and 1.39 against the loonie.

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