The dollar is trading at seven-week highs against other majors. The expectations regarding the possible interest rate hike in the US significantly supported the US currency. Positive economic statistics from the US could lead to the monetary policy tightening in the upcoming months.
The ECB representatives made several important statements in the last weeks about the Central Bank policy in the upcoming months. According to Vitor Constancio (Vice-President of ECB) the Bank continues to stimulate the economy in spite of the growth of the inflation in the euro area. The Bank expects the inflation to reach the level of 2% in 2016.
The pound became optimistic when the last polls showed that the majority of people would vote to remain in the EU. The referendum is scheduled for June 23.
The dollar reached a three-week peak in the pair USD/JPY. The weakness of the US Bonds market supported the Japanese currency as the safe asset.Publication source