The king of the USD continued to strengthen against its main rivals, following a rise in U.S. treasury yields that continued to advance higher around one -year highs.
The dollar index, which measures the strength of the greenback dollar, traded stronger at a 3 -and -a -half -month high of 92.48.
Against the yen, the greenback rose to a 9-month high, while the safe-haven Swiss franc weakened to a 7-month low.
In addition, the euro sank to an unprecedented level since the end of November at 1.18370 against the USD.
An unexpected decline in German industrial production also contributed to the euro's depreciation, as well as the strengthening of the greenback dollar.
Meanwhile, the pound traded little changed, unimpressed by Bank of England (BOE) Governor Andrew Bailey’s statement that the market should be positive on Britain’s economic outlook, but also realistic about the challenges from structural change.
On the other hand, the Aussie dollar and kiwi continued to record lower depreciation as investors now focus on Reserve Bank of Australia (RBA) Governor Philip Lowe’s speech early tomorrow morning.
While Governor Lowe is cautiously optimistic about the Australian economy, investors will see indications of the outlook for monetary policy further to determine short-term movements.
