Dollar Reaches Four Month High – 2 May, 2018

After the Federal Reserve said that inflation had moved close to their target and kept interest rates steady, the dollar traded at a four month high against a basket of six major currencies. The dollar index reached 92.834 and traded close to the three month high of 110.05 yen – having fallen 0.1 percent- to 109.75 yen. The euro jumped by a slight 0.1 percent against the dollar to $1.1964.