Market News
Dollar Extends Autumn Rally but Yen Is the Currency to Watch for Stocks - BARRON'S
The dollar’s solid autumn rally extended into early Thursday trading, defying the signals about lower interest rates from the Federal Reserve and risks from the U.S. government shutdown, as the greenback continues to benefit from political turmoil in Japan and Europe.
The U.S. dollar index, which tracks the greenback against a basket of six global currencies, was marked 0.3% higher on the session at 99.22, reclaiming levels last seen in late July. A great deal of its gains, however, are tied to weakness in two major currencies in the dollar index, the yen and the euro.
