The dollar is headed for its biggest weekly gain in a year against - TopicsExpress

The dollar is headed for its biggest weekly gain in a year against most currencies as there is still strong momentum from the Fed’s statement a couple of days ago. The Fed increased expectations that an end in US monetary policy is now closer than ever. Eur/usd fell to a two week low while eur/jpy is crashed, pushed lower also by the rising Greek political uncertainty-as Greece’s Democratic Left party looks certain to pull out of the ruling coalition after talks to resume state television collapsed- and a drop in global equities. The dollar index rose to 82.27 and should close the week with a 2% gain, the biggest since July 2012.

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