US Dollar Index - Against Which Day Trading Forex Currencies Has The US Dollar Rallied?

Question

US Dollar Index - Against Which Day Trading Forex Currencies Has The US Dollar Rallied?

Answer 1

Among the day trading forex currencies the US Dollar (USD) has seen gains against the:

- Canadian Dollar (CAD)

- Japanese Yen (JPY)

- Australian Dollar (AUD)

The US Dollar has also gained against the Indian Rupee (INR) and the Russian Rouble (RUB).

The biggest gains as of now have come from a rally against the Japanese currency, so if you're into trading USD, this is where you should continue to see profits over the short to medium term.

I recommend you look at Pound Sterling (GBP) as well as it's been a traditionally strong currency. Include it in your forex portfolio and part of your daily trade.

Answer 2

According to the updates given to me by my client Finexo

"The Dollar Rises as a Result of the Policy of Intervention Taken by the Federal Reserve".

This is due to the statement issued by the Chairman of the Federal Reserve, Ben Bernanke, revealing a policy of intervention in the dollar's condition, continues to impact all markets.

The dollar reached its highest point in three months against the yen, as a way to battle inflation.

Bernanke also referred to the rise in energy prices as an added risk of inflation, as the rise of the dollar is directly linked to the rise in oil prices.and the impact on other curr.....(Read more at http://www.finexo.com/).

My client have also given me tips to take advantage of bullish US dollar with other curriencies like EUR, CAD, AUD and GBP.