Dollar index close to maximum 9 months, slight euro recovery
Aug 8 2020, 09:18
LONDON (Reuters) - Dollar near the top of the last nine months at the index level against the top six trade-weighted counterparts. ** The latest comments by Fed representatives have made the assumption of a tightening of rates in December even more concrete, as the upward movement in government yields also says. ** The euro / dollar exchange rate is again parity thanks to the better result of the expectations of the Ifo survey on the confidence of German companies. ** After the 109.5 of September, which the consensus Reuters hypothesized repeated, the October index has increased to 110.5. The positive signal appears to be in full harmony with the indications arrived from the first estimate on the October manufacturing PMI. ** Speaking to the Swiss financial magazine 'Bilan', number two of the Swiss central bank Fritz Zurbruegg has defined the excessively overvalued exchange rate for the franc.