The USD Into A Rising Path

The USD rallied yesterday as risk appetite bounced back after President Donald Trump indicated in the de-escalation in conflict with Iran.

Presently, the Euro versus USD trades at 1.1112, which is a slight incline of $0.00066 or 0.06% from the previous close of $1.11054.

The daily range is from $1.1102 to 1.1120, while the trading volume is 52.816K. The USD index, which measures the greenback against a trade-weighted basket of six major currencies, soared 0.28% to 96.75.

After the attacks from Iran, Trump announced that Washington will impose additional economic sanctions.

The economic burdens would remain active until Iran changes its behavior, he added.

Safe-haven currencies like the yen and Swiss franc depreciated boosting the greenback as the decision from Trump to impose sanctions rather than signal a military response implied in that his government hopes for cooling down the tensions.

The value of the USD was also boosted by the present losses of the euro following weaker factory order data from the leading German economy.