Currency News: The U.S. Dollar Rises Against Yen, Ruble, and Euro

The U.S. Dollar Rises Against Yen, Ruble, and Euro

A variety of factors have caused the U.S. dollar to surge this year, as the dollar index, which measures the dollar against a basket of other foreign currencies, reached a five-and-a-half year peak. The dollar performed especially well against the Japanese yen, the Russian Ruble, and the euro due to slowing global economic growth, differing policies by the Federal Reserve compared to the European Central Bank and Bank of Japan, and the fall in oil prices. rubledollar