The US dollar has posted a weekly peak against other key currencies on January 9, with strong support coming from new expectations about interest rate upward revision by Federal Reserve.
Specifically, the rise is related to the statement of the Federal Reserve representative about the planned 3-fold increase of the rate in 2018 amid growing US economy on lower taxes.
At the same time, a day before the head of the Federal Reserve announced a forecast for four revisions this year driven by stable economic growth in the country and low unemployment.
The current US dollar index (DXY) stands at 92.27 (0.21% up).
European and British currencies weakened. EUR-USD rate decreased 0.29% to 1.1933 and GBP-USD – 0.31% to 1.3526.
AUD to USD exchange rate dipped 0.28% to 0.7821. NZD-USD pair was stable at 0.7170, whereas USD-CAD one rose 0.12% to 1.2437.
The US dollar-to-Japanese yen exchange rate dropped 0.23% to 112.85, while that of USD-CHF added 0.54% coming to 0.9824.
Notably, Japan's bank has reduced bond redemption volume by 5% earlier this day willing to harmonize the monetary policy eventually.