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[size=30]The dollar is recovering from its lowest level in 3 years[/size]
16/01/2018 11:22 | Number of readings: 17
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Trend Press / Agencies
The dollar rose against the majors from a three-year low on Tuesday as investors headed for profit after a surge in major currencies over the past period.
By 7:50 am GMT, the dollar was up against the euro by 0.2% at $ 1.2242 after the European currency rose yesterday to $ 1.2296, the highest level since December 2014.
The euro has been supported by optimism on monetary policy by the ECB and the recovery of economic growth in the past period.
The dollar also rose against the yen by 0.2% at 110.76 yen, after the yen hit a 4-month high against the greenback yesterday at 110.32 yen.
And supported the decision of the central bank in Japan last week on the reduction of bond purchases in addition to the bank's optimism about the price situation for the next period the currency of the yen.
While the American currency increased against the pound sterling to $ 1.3782 by 0.07%, and rose against the Swiss franc, recording 0.9642 francs by about 0.1%.
The dollar index fell 0.4% to $ 90.592, but recovered from a three-year low of $ 90.279 yesterday.
Investors are expected to release later today's data from the Empire State Industrial Index in the United States.
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