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Safe-haven Flows Set US Dollar for Biggest Weekly Rise Since April 2020

Jumat, 19 Agustus 2022 | 19:41 WIB
Safe-haven Flows Set US Dollar for Biggest Weekly Rise Since April 2020

ILUSTRASI. The US dollar index surged on Friday and was on track for its biggest weekly gain since April 2020 on safe-haven demand. ANTARA FOTO/Muhammad Adimaja/YU

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - LONDON. The US dollar index surged on Friday and was on track for its biggest weekly gain since April 2020 on safe-haven demand, as investors worried about a further economic slowdown after Federal Reserve officials reiterated the need for higher rates.

The dollar index =USD rose 0.5% to 108.01, its highest since July 15. The gauge is on track for a 2.2% rally this week, which would be its best weekly performance in more than two years.

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