Dow Jones

US dollar weakens against other currencies during morning Thursday trades, reaching a 13-day low against pound

Early morning Thursday trading sessions showed weakening of the US dollar against European, British and Swiss currencies. Declining, the dollar reached its almost two-week lowest against the pound of sterling. And the earlier session’s gains of dollar against the yen in the Asian market were pared.

Dow Jones closed at the level of p. 168.79, equal to 2.1%, while Nasdaq was closed at 2.3%, or p. 38.13, which means that Nasdaq closing was at the best level in about six months, while Dow Jones closed at a two-months highest level. The S&P was closed at the highest level in three months.

Further rise or fall?

Renewed risk appetite caused the growth of the United States dollar against such currencies as Japanese Yen and Euro. The Dow Jones Industrial Average index added 600 points throughout the week and made market members consider the real possibility of reaching 13,000 point. Fortunately no company has followed the General Electric fate and vice versa some growing trends were reported by several companies like Google and etc. Such situation caused the dollar to grow and we suppose it will contribute to its further growth.

Syndicate content