U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against the other major currencies in the Asian session on Friday. The U.S. dollar rose to 1.3658 against the Canadian dollar for the first time since June 2004, from yesterday's closing value of 1.3624. The greenback advanced to a 2-day high of 122.15 against the yen, from yesterday's closing value of 121.53. Against the euro, the pound and the Swiss franc, the greenback edged up to 1.0927, 1.5135 and 0.9890 from yesterday's closing quotes of 1.0940, 1.5159 and 0.9873, respectively. The greenback edged up to 0.6735 against the NZ dollar, from yesterday's closing value of 0.6753. If the greenback extends its uptrend, it is likely to find resistance around 1.41 against the loonie, 124.00 against the yen, 1.07 against the euro, 1.49 against the pound, 1.02 against the franc and 0.66 against the kiwi.
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