Dollar Jumps To 1-week High Against Euro And Swiss Franc

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Dollar Jumps To 1-week High Against Euro And Swiss Franc

The US dollar edged higher against other majors, barring the yen, in early deals Friday as the worse-than-expected Chinese July trade data reignited worries about global growth outlook, which in turn lifted values of safe-haven currencies.
The dollar climbed to a 1-week high of 1.2263 against the euro and 0.9797 against the Swiss franc around 3:35 am ET. Against the pound, the greenback strengthened to a 2-day high of 1.5582 around the same time. On the upside, the US currency may find resistance levels at 1.2220 against the euro, 0.9835 against the franc and 1.5570 against the pound.

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