Positive US Economic Data Stimulates Three-Month Dollar Index Surge

The USD has recently surged to its highest levels in 14 years as a string of highly positive economic data from the US increased the bullish outlook for the said currency this 2017. The USD increased further after US manufacturing data exhibited its fastest pace during a two-year period. Traders are now waiting for the release of the minutes of the Federal Reserve’s meeting which is set on Wednesday, as well as the US employment data which is scheduled to be released this coming Friday. as these are expected to determine whether the increasing value of the US dollar would still be retained in the coming days.