US dollar holds gains on economic cheer, euro bounces but risks further decline

The dollar traded near multi-month highs against most major currencies on Friday, supported by a wave of optimism over improving U.S. economic data, the rollout of coronavirus vaccines, and rising Treasury yields.U.S. jobless claims fell to a one-year low last week and President Joe Biden said he will double his vaccination rollout plan after reaching his previous goal of 100 million shots 42 days ahead of schedule, both of which support optimism in the dollar. The dollar index against a basket of six major currencies stood at 92.788, close to a four-month high. For the week the dollar index was on course for a 0.9% … (full story)

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