US Dollar Down For Fifth Straight Quarter While Euro, Sterling Come Out On Top – 29 March, 2018

Dollar Index Down

The US dollar index was up 0.6 percent this week and hit a high of 90.178. This happened  for multiple reasons including an ease on global trade and North Korean progress, but was off 0.2 percent against six other major currencies at 89.985. The Index is down for the fifth straight quarter, declining 2 percent this quarter alone.

The USD VS. Other Currency Pairs

The U.S. currency hit a 16-month low on Monday but has risen 1.5 percent this week and remains 5.7 percent down for the quarter. Sterling hit its best performance since 2015, gaining 3.9 percent this quarter and added 0.1 percent to $1.4031 versus the British Pound. The euro also moved up by 0.15 percent to $1.2317 EUR.