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USD: Dollar continues higher

By Ricky Bean August 10th, 2018

The dollar continues to trade higher against a basket of currencies: the US Dollar index is near to the highest level in 12 months and interest rate expectations will likely keep the dollar up in the near term. The dollar took heavy gains against the lira, kiwi and rand in yesterday’s trading session, extending gains overnight. Geopolitics is taking centre-stage and we expect this to continue into the weekend.