RTTN:Dollar Jumps To 4-month Highs Against Euro And Swiss Franc
(RTTNews) - After a brief correction in the previous session, the US dollar resumed yesterday's rally against most of its major rivals in early deals on Thursday.
The dollar touched 0.9483 against the Swiss franc by 7:30 am ET, surpassing yesterday's peak to reach a fresh 4-month high and the pair is targeting resistance above the 0.95 level.
Similarly, the greenback soared to its highest level in 4-months against the euro, rising as much as 1.2668 from a session's low of 1.2750. The next barrier for the greenback is seen its key resistance level at 1.2625 and a move above could set its strongest mark in 21-months.
The dollar was also testing the key 1.5820 resistance level against the pound, hitting a monthly high of 1.5828 around 7:30 am ET. If the greenback strengthens further, likely support area is seen around the 1.5800/10 level.
