U.S. Dollar at One Week High after GDP

The U.S. dollar traded at a one-week high against a basket of major currencies early on Friday, having been swept higher as investors took aim at the euro in a volatile end to a choppy month gripped by concerns over emerging economies.

The greenback was also supported after solid U.S. October-December growth numbers revived hopes that the global economy could, on the whole, take troubles from emerging markets in its stride.

“I think the impact of emerging markets on G10 currencies will diminish and the market’s focus will return to the strength of the U.S. economy,” said Koichi Takamatsu, head of forex trading at Nomura Securities in Tokyo.


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