Feds hawkish tone may lead Dollar to 9-month high

Jun 18, 2021 AlShorts Web Desk

The Dollar may be headed for its best week in past 9 months over US Federal Resrerve’s hawkish tone. Dollar has risen around 1.8% against the Euro and around 2% against AUD as short sellers jumped to close their positions. Dollar index rose above the 200 MA, reaching a high of 9.010, on track for a 1.6% weekly gain.