Tuesday, December 15, 2009

Dollar Hits Two-Month High

Bernake isn't printing any dollars, so there is a flight to grab what is around.

The dollar index (DXY 76.92, +0.59, +0.77%) , which tracks the greenback against a trade-weighted basket of six major counterparts, rose to 77.022, compared with 76.351late Monday. During the session, it touched 77.092, the highest on a closing basis since Oct. 1.

The euro fell to the lowest in three months, trading at $1.4531, down from $1.4653 late Monday, while the dollar jumped about 1.1% to 89.64 Japanese yen.

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