Dollar Has Best Weekly Run in Two Months as All Eyes on Data
Stacks of $10 dollar notes at the US Bureau of Engraving and Printing in Washington.
Photographer: Al Drago/BloombergThe dollar had its strongest week since early August while investors gird for the next flurry of key macroeconomic data — provided readouts aren’t hampered by a US government shutdown.
The Bloomberg Dollar Spot Index rose 0.5% this week, the best gain since early August. The performance was supported by corporate month-end demand for the dollar, according to Paresh Upadhyaya, Pioneer Investments director of Fixed Income and Currency Strategy, who remains a dollar bear.