US Dollar Stays Steady Against Major Currencies

Forex News

The US dollar rose against the basket of major currencies, departing from the monthly highs set this week, as investors analyze the Trump's tax plan and the prospects for the Federal Reserve policy. The dollar index, which tracks the dollar against a basket of six major currencies, increased by 0.1% to 93.155. This is the highest level since August 18.

The dollar increased this week against the background of new hopes for tax reforms in the US, as well as comments from Federal Reserve Chair Janet Yellen, who stressed the need for a gradual increase in interest rates.