U.S. Dollar Holds at Two Week High

The U.S. dollar held near a two-week high against a basket of major currencies on Thursday, as heightening tensions in Ukraine helped support safe-haven demand for the greenback.

The dollar index was steady at 80.405, not very far from Wednesday’s peak of 80.524, its highest since February 13.

The dollar was underpinned after emerging market currencies came under renewed pressure on Wednesday, led by a fall in Ukraine’s hryvnia after the central bank abandoned a managed exchange rate policy in favor of a flexible currency.

CNBC

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