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