empty
 
 

2021.10.2520:46:00UTC+00Dollar Climbs Against Major Rivals

The U.S. dollar firmed against most of its major rivals on Monday, as concerns over rising inflationary pressures lifted the demand for the safe-have currency.

Although the Federal Reserve Chairman Jerome Powell had commented on Friday that the central bank will hold off on raising rates for now, the prospects of a tighter monetary policy in the near futures pushed up the dollar.

Traders were also making their moves, with the upcoming monetary policy meetings of the Bank of Japan and the European Central Bank in focus.

The dollar index, which rose to 93.96, pared some gains subsequently and is at 93.83, up 0.2% from the previous close.

Against the Euro, the dollar firmed to 1.1611, gaining from 1.1647.

Against Pound Sterling, the dollar dropped a bit to 1.3766, posting a marginal loss.

The Yen weakened to 113.73 a dollar, easing from 113.50.

Against the Aussie, the dollar weakened to 0.7495 from 0.7466.

The Swiss franc slid to 0.9198 a dollar from 0.9162.

The Loonie weakened to 1.2386 a dollar, after having firmed to 1.2339 earlier in the day.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback