USD Steadies Near Highest Level in Four Months

The U.S. Dollar (USD) maintained some of its gains on Friday, despite the rise of the Euro and the Sterling Pound, supported by positive expectations for economic recovery in the United States.

Large gains against the Japanese Yen (JPY) and the Australian Dollar (AUD) balanced off losses against the Euro (EUR), the British Pound (GBP), and the Canadian Dollar (CAD).

The Dollar Index (DXY), a gauge of the greenback’s performance against a basket of six major currencies, is up by 0.17% at 92.69, near its highest level in four months.

The index has been moving today between 92.65 and 92.87.