Greenback is heading higher today as economic data from around the world prompts interest in the US dollar, and as many re-think what’s happening in eurozone. US dollar index is higher, and the greenback is gaining pretty much across the board.
The Federal Reserve is keeping its tapering options open, providing little guidance in terms of when a taper is likely to start. Indeed, there wasn’t even a direct reference to the recent partial government shutdown in the most recent announcement from the Federal Reserve.
Concerns about what’s happening in the eurozone, and worries about economic recovery elsewhere are prompting interest in the greenback again. On top of that, there has been some concern that the dollar has been oversold. The recent news out of the eurozone seems to indicate that traders have been a bit too enthusiastic about the euro, and that it’s time to reconsider the situation.
For now, that means that the dollar is getting a bit of a boost as markets look for a little more definite direction.
At 17:15 GMT the US dollar index is up to 80.7670 from the open at 80.2450. EUR/USD is down to 1.3486 from the open at 1.3584. GBP/USD is down to 1.5923 from the open at 1.6040. USD/JPY is up to 98.8030 from the open at 98.3540.
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