Currencies News
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The Dollar Index touched an almost three-year high before U.S. data forecast to show jobless claims decreased and home sales rose, adding to the case for the Federal Reserve to reduce monetary stimulus.
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Canada’s dollar dropped to an almost one-year low versus its U.S. peer after Federal Reserve Chairman Ben S. Bernanke said monthly bond purchases may be reduced if the economy shows sustained growth.
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Swiss National Bank President Thomas Jordan said a shift of the cap on the franc and negative interest rates are among steps the central bank could take, prompting the franc to break through 1.26 per euro for the first time in two years.
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The forint rose to the strongest in three months, spurring Goldman Sachs Group Inc. to close its trade recommendation to sell Hungary’s currency against the euro at a loss after the economy emerged from recession.
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