The U.S dollar going on a Hike

At a point of time, I thought that dollar may not recover this year since there was some continuous decline in the U.S currency market. But my expectation had a sad end and I’m happy for such a good come-back that the U.S dollar has made.

The other day the U.S dollar rose because there were good amount of retail sales done and the latest is yesterday the unemployment data in U.S came-out well than the expectation. Whenever the U.S dollar is going-down, in some or the other way it is being supported.

Starting with a series from Fed’s decision, hike in retail sales to yesterday’s Unemployment data has given the U.S dollar little relief. The U.S dollar raised 0.4% against the Euro, 0.3%, 0.1% & 0.8% against the Sterling and the Yen and the Swiss franc respectively. Christmas boom will ensure the dollar to cope up soon.