USD Surges to Highest Level in Three Months

The U.S. Dollar (USD) rose on Friday supported by the increase in Treasury bond yields amid improved outlook for economic recovery, after data showed that the American economy added a higher than expected number of new jobs last month.

The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.37% at 91.97.

Earlier, the index exceeded 92 for the first time since November 2020, and reached 92.19, while its lowest level today was at 91.62, noting that it closed Thursday at 91.63, which means in remained almost entirely in the positive territory throughout the day.

Over the last two weeks, the USD has gained about 2%.