greenback

Dollar rising as Nikkei further moves up

US dollar against Yen is rising as renewed buying support is propelling Japan's Nikkei index upwards. The priority shift among some investors from traditional safety net of Japanese currency to equities was the major reason on Nikkei's rise. The market players are eagerly waiting for the outcome of G-20 meeting this weekend in Shanghai.

Dollar rally is back on support of interest-swap rates

The US dollar turned bullish now. The greenback is trading at six-month high against Euro. The two-year dollar interest rate swaps surpassed shared currency area. Higher US interest rate swaps over European rates indicate strongest possibility of interest rate hike by US Federal Reserve.

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