Economic news

Review: Dollar strengthens in Asia

The dollar strengthened during the Asian session on Thursday, bond yields also rose sharply after the publication of super-strong data on employment in the US, that added confidence in the interest rate hike. Oil fought to find support after U.S. reserves swelled higher than all anticipations.

The dollar index rose by 0.1% to 102.210 and approached a March 2 peak of 102.26.

The greenback also inched up to 114.50 yen, reaching 114.75 during the trades.

The single European currency stayed at $1.0530, having a peak of $1.0640 at the beginning of the week.


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