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Dollar Rises Strongly Against Safe Haven Currencies

M. Ali 4 March, 2021 8:23 pm Forex Market, Market Update

The U.S. Dollar (USD) rose on Thursday against safe-haven currencies, such as the Japanese Yen (JPY) and the Swiss Franc (CHF), supported by the increase in Treasury yields.

The USD/JPY pair is up for the day by 0.57%, trading at 107.620.

The pair has been moving today in a range between 106.970 and 107.650, after closing Wednesday at 107.0100.

Meanwhile, the USD/CHF pair rose by 0.58% to 0.9252. It has been moving between 0.9190 and 0.9259, after ending yesterday at 0.9199.

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