On Wednesday, the greenback kept to a 14-year peak against the common currency, backed by hopes for American interest rates ascending more rapidly during the incoming Trump Administration.
In thin trading ahead of year-end holidays, the common currency last stood at $1.0413, having slipped below $1.0352 on Tuesday, a value last observed in January 2003.
The weak euro helped to spur the greenback’s trade-weighted index against a basket of six key currencies, also a 14-year peak.
Analysts think that the greenback looks strong enough. In spite of the fact there are no fresh trading factors typical to Christmas, markets see greenback buying whenever the currency drops.
The greenback was at 117.67 yen, rebounding from its 10 1/2-month peak of 118.66 hit on December 15.
The dollar index has ascended 5.8% since Trump was elected. He has promised big tax cuts as well as spending increases and also threatened to impose tariffs on imports from Mexico and China.
