The dollar skyrockets, driven by US GDP data from the Commerce Department. The euro, in fact, fell to 1,2175 dollars, to its lowest since May 2012, while the US currency also recorded progress against the yen, traded at 120,70 for one dollar against 120,07 yen yesterday evening.
Attention is now focused on the Fed's next moves and, above all, on the possible, and according to the market highly probable, rise in interest rates, which would make the dollar even more attractive. The euro, on the other hand, awaits the decisions of the ECB, and remains weighed down by a still sluggish recovery.
Looking at other currencies, the ruble is now trading at around 55 to the dollar against the record low of 80 registered a week ago in reaction to the impact of Western sanctions on Russia. On the other hand, the pound was down, reaching a low for the day of 1,5487 dollars, the lowest levels since September 2013.
