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.


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