The U.S. dollar extended early rally against other major currencies on Friday, after a report showed that country's consumer confidence index rose-more-than-expected in May.
The Reuters/University of Michigan's preliminary report saw a reading of 83.7 in May, up from expectations for 77.9. The index was 76.4 in the prior month.
The greenback spiked up to 103.12 against the yen, highest since October 2008. The next resistance for the greenback is seen around 103.00 level.
The U.S. currency approached a 9-month high of 0.9761 against the franc, reversing from yesterday's 2-day low of 0.9577.
The greenback climbed to 6-week highs of 1.2796 against the euro and 1.5160 against the pound.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.