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Markets

USD Up on Several Fronts

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With growing uncertainty hitting the euro zone and the GBP, traders are looking for stability in the USD. Following Moody's downgrade of several countries across the EU as well as the warning sent to the UK and France, the USD has seen significant gains against several currencies.

Against the euro, the USD was valued at 1.3126 as of this morning. This staves off a recent slide for the USD and sets it up for further possible gains as market action unfolds this afternoon. As of this morning, the USD/CHF was traded at $0.9201, which shows stark improvement from the previous 4 days. Also against the JPY, the greenback rallied to a 3-week high of 78.02.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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