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Dollar index gains over 9% in 2015, Gold Bottom In 2015, Simple

Posted by Mr.Copper @ 15:44 on April 15, 2018  

parts:

The dollar ended 2015 with a more than 9 percent annual gain against a basket of currencies on Thursday, despite falling in December, with portfolio rebalancing from asset managers leading the currency higher in thin trading.

Riding a rally dating to >>>May 2014,<<< the greenback has appreciated by a quarter in value against a basket of currencies and by 22 percent against the euro. For the year, the greenback rose over 10 percent against the euro for its second straight yearly gain.

On Thursday, the euro hit a more than one-week low against the dollar of $1.08530, with analysts attributing the move to purchases of dollar-denominated assets from money managers moving to meet minimum exposure requirements.

The dollar index, which measures the greenback against a basket of six major rivals, hit a more than one-week high of 98.750. For the month, it fell 1.5 percent, its first decline in four months.

https://www.cnbc.com/2015/12/30/australia-nz-dollars-destined-to-end-year-sharply-lower.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.