The US dollar held its firm footing against the major currencies of Europe in early London session on Thursday. The greenback touched 1.2536 against the euro around 3:35 am ET, its strongest mark since July 2010. The near-term resistance for the dollar is seen around the 1.2460 level.
Against the Swiss franc, the dollar advanced to a 4-1/2 month high of 0.9584 around 3:40 am ET. The dollar-franc pair is presently worth 0.9577 with 0.96 seen as the next probable resistance level.
The dollar also resumed its early Asian session's rally after a pause in late trading, hitting a fresh 2-month peak of 1.5663 around 3:35 am ET. The next likely upside target for the greenback is seen around the 1.5640 level.
by RTT Staff Writer
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