Dollar Dips and Helps Boost Gold – 11 October, 2018
The dollar hit near two week lows against all its major peers with Wall Street losses hurting the currency. The dollar index dipped from its monthly high hit on Tuesday of 96.16 and traded at 95.07. The euro benefitted from a weaker dollar and rose to a weekly high of 1.6003. The yen last traded at 112.28. Gold also rose on the weaker dollar to over $1,200 per ounce, its third day of gains and best run since late August.