Dollar Nears Four Month High – 30 August, 2018

The dollar index stood little changes against a basket of six major currencies at 91.805 after having reached a high of 91.986, its strongest since January. In April, the greenback rose 2 percent, hitting its biggest monthly gain since November 2016 due to U.S. 10-year treasury yields hit four year highs. German retail sales data for March came in lower than expected and put a damper in the possibility of an interest rate hike by the European Central Bank which caused the euro to slump by 0.4 percent to $1.2079, lifting the dollar even higher.