U.S. Dollar Hovers Near Two Month High

This year has been trying for dollar bulls betting on stellar greenback gains, but they’re not giving up yet.

Measured against a basket of currencies of the U.S’s main trading partners, the dollar hovered near a two-month high on Thursday, benefiting in part from weakness in the euro which has come under pressure from talk of a cut in euro zone interest rates in June.

“It’s been a very frustrating year for most FX investors, but particularly for dollar bulls like us at BNP Paribas,” Steven Saywell, global head of currency strategy at the French bank told CNBC.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.