U.S. Dollar Rises Against Majors

The U.S. dollar strengthened against the other major currencies in the Asian session on Thursday.

The U.S. dollar rose to a 9-day high of 124.18 against the yen, a 6-day high of 1.0958 against the euro and a 2-day high of 0.6627 against the NZ dollar, from yesterday’s closing quotes of 123.91, 1.0979 and 0.6663, respectively.

Moving away from an early low of 1.5609 against the pound, the greenback climbed to 1.5589.

Against the Swiss franc and the Canadian dollar, the greenback edged up to 0.9688 and 1.2959 from yesterday’s closing quotes of 0.9667 and 1.2943, respectively.

If the greenback extends its uptrend, it is likely to find resistance around 125.00 against the yen, 1.08 against the euro, 0.65 against the kiwi, 1.54 against the pound, 0.97 against the franc and 1.31 against the loonie.

The material has been provided by InstaForex Company – www.instaforex.com