Friday, January 2, 2015

Dollar Glitter at Start of New Year

11:12 AM

Euro hits 2 year down. Dollar strike its maximum level in nearly nine years against currencies on Friday, drawing stronger from the US economy's outperformance and the separate outlook for monetary policies among crucial economies. On 2015 dollar is a strong note after a stellar 2014 when the dollar index brust nearly 13 per cent in its topmost yearly performance since 1997. Index, which measures the greenback's value against great currencies, increased to 90.624 at one point, its maximum level since March 2006.

Euro last traded at $1.2058, downward 0.4 percent on the day. It strike a low-lying near $1.2047 earlier on Friday, its lowest level since July 2012, when the euro strike a feeder of $1.2042.

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