It is surprising news learning that recently dollar had reached its best rate by raising its level against euro, British pound and Japanese yen. As you know that dollar was getting weak since several months ago and this rise means the dollar recovers from significant lost several months back.
It is reported that the rise of dollar index or quote or Comstock rose from 87.080 to 87.469 against six major currencies. Previously, the situation when US retail sales dropped in September was frustrating and it was getting more frustrating when on May the drop reached 1.2%. Many leading company like Krogers, Safeway, and Macy’s also suffer the drawback from the dollar drop.
Moreover, there was an expected increase of 0.2% happened which means to bring surprise decline to euro to return below $1.21. This fall was calculated after the common currency tested a key level at $1.2150. On Thursday, the fall occurred from $1.2116 to $1.2087.