U.S. Dollar Remains Bullish

The dollar held below a 10-month peak against a basket of major currencies on Thursday after soaring on upbeat U.S. growth data, with mixed views from the Federal Reserve tempering the rally.  However, the dollar looked poised to resume rising should U.S. indicators due by Friday continue to paint a brighter economic picture.

The dollar index last traded at 81.386 after rising as far as 81.545 – a high last seen in mid-September. Still, the index is up more than 2 percent so far this month, on track for its biggest monthly gain in over a year.

Dollar bulls took heart after the U.S. economy rebounded sharply in the second quarter, with gross domestic product (GDP) motoring at a 4.0 percent annualized pace.


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