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U.S. Dollar Maintains Strength

The U.S. dollar held near two-week highs against a basket of major currencies early on Thursday, after rallying overnight even as U.S. Treasury yields fell further.

Traders said the move was a bit of a puzzle but pointed to heightened tensions in Ukraine and an unexpectedly upbeat report on U.S. new home sales as supporting the greenback.  The dollar index climbed 0.4 percent, its biggest one-day rise in about a month, to as high as 80.524. It has since retreated slightly to 80.415.

The greenback drifted up to 102.40 yen, but remained well within its previous session’s range of 102.01/102.63, while the euro traded at $1.3683, near a two-week trough of $1.3661 plumbed overnight.

CNBC [1]

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