The U.S. dollar gained ground for three straight sessions assisted by robust U.S. job growth in March, expectations of faster rate hikes by the Fed, and the prospect of increased sanctions on Russia amid rising Ukrainian civilian casualties.
The USD/EUR rebounded from a low of 0.8946 on March 30 to end April 4 at 0.9112, an increase of 1.86 percent. It is currently trading at 0.9104 as of 5:18 a.m. EDT, April 5. The U.S. Dollar Index—measuring the dollar relative to the value of a basket of international currencies—went up by over 1.17 percent from a March 30 low of 97.7395 to end April 4 at 98.8847.
