Reported about 16 hours ago
The dollar is approaching a two-month high as global fiscal issues, particularly in Europe and Asia, undermine the currencies of major peers. With hedge funds increasing bearish bets on the euro and yen, and demand for the dollar rising, the Bloomberg Dollar Spot Index has recorded gains. Despite a recent US government shutdown, negative factors in other regions are leading traders to reconsider the outlook for the US economy. Additionally, a significant interest rate cut by New Zealand's central bank has further propelled the dollar's rise.
Source: YAHOO