Tags: dollar | best | year

Dollar Has Best Year Since 2005

Wednesday, 31 Dec 2014 10:52 PM

The dollar had its strongest year since 2005 against other major world currencies in 2014, MarketWatch reports.

The U.S. Dollar Index was at 90.269 in late trading, up 0.3 percent from Wednesday and up 12.8 percent from one year ago, MarketWatch noted. The index measures the dollar against six other currencies.

The WSJ Dollar Index was up 0.38 point on Wednesday to 83.04.

The Euro has fallen 12 percent against the dollar over the year and the yen is down 13.8 percent. The British pound was down 5.9 percent against the dollar and the Australian dollar was down 8.3 percent.

Analysts are bullish on the U.S. dollar for 2015, MarketWatch says, with improvement expected in the American economy that will spur the Federal Reserve to raise interest rates.

The European Central Bank and the Bank of Japan, meanwhile, are expected to continue measures that will further weaken their currencies against the dollar.

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The dollar had its strongest year since 2005 against other major world currencies in 2014, MarketWatch reports.
dollar, best, year
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2014-52-31
Wednesday, 31 Dec 2014 10:52 PM
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