U.S. Dollar Rises as European Data Miss Forecasts - News Summed Up

U.S. Dollar Rises as European Data Miss Forecasts


The U.S. dollar rose broadly Monday as data continued to reflect disappointing performance for the European economy. The WSJ Dollar Index, which measures the currency against a basket of 16 others, rose for a second consecutive session, climbing 0.2% to 86.33. The dollar gained for a second day against the euro, advancing 0.3% to $1.1923. The greenback has rallied 4.9% against the unified currency after closing at a 52-week low on Feb. 1.


Source: Wall Street Journal May 07, 2018 16:07 UTC



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