Dollar Soars to Highest Level in a Week

The U.S. Dollar (USD) rose on Friday against major peers to its highest level in a week, supported by positive data and rising bond yields.

The benchmark U.S. Treasury bond yield is showing rebounding signs, following strong drops.

Meanwhile, data showed an improvement in the U.S. consumer sentiment this month, after deteriorating in May.

The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up for the day by about 0.54% at 90.57, at its highest level since June 4.

The index has been moving today in a range between 89.95 and 90.61.