US Dollar pushed up against major currencies

[gnutrade.satya]

The US dollar pushed itself into positive territory against major currencies for the year as investors continued to unwind bets against the greenback before a highly anticipated Federal Reserve meeting.Anthony King, managing director of investment grade fixed income at PineBridge Investments in London said: "Whether they (the Fed) actually give a size for the amount of stimulus is questionable. That's why the dollar has strengthened somewhat this week because market commentators had been leaning too far in the other direction."The dollar was up 0.48 percent at 78.084. The euro was down 0.64 percent at $1.377. Against the yen, the dollar was up 0.38 percent at 81.71.