Greenback Near Two Year High – 25 April, 2019

With support from U.S. capital goods orders, the dollar hovered just under a two year high, though first quarter GDP trading data could further support the greenback. Against a basket of six major currencies, the dollar index landed at 98.128 after hitting its highest in 2 years the previous session at 98.322. U.S. made capitol goods had their highest number of orders in eight months, along with strong retail sales and exports, data shows, cooling concerns of a slowing economy. The euro last stood just above its June 2017 low of $1.1117 at $1.1139 on Thursday. The dollar dipped 0.1 percent against the yen to 111.52 yen, shedding 0.5 percent the previous night.