Dollar regains against euro and yen

Dollar regains against euro and yen

Story link: Dollar regains against euro and yen

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The US dollar set a fresh six-month high against the euro in Friday after doing so on Thursday as well.

The dollar was up another 0.4 cents to $1.2634 in relation to the euro on Friday. This was its strongest position since October 21 of last year. It gained 3.2 cents on the euro for the week.

The dollar also rose in relation to sterling, the Swiss franc, and the yen.

It set a three-month high in relation to sterling as it rose 0.8 cents to $1.8552. The dollar also reached a three month high by gaining 0.8 centimes against the Swiss franc to sit at SFr1.2232.

The dollar rose ¥0.3 to ¥107.11 against the yen. The yen suffered from an announcement out of China that the renminbi would definitely not be revalued on May 18.

Meanwhile, the euro rose 0.1p to £0.6807 in relation to sterling. The euro was also up 0.3 centimes in relation to the Swiss franc, to Sfr 1.5455.