India, Oct. 12 -- The U.S. Dollar rallied further during the week ended October 9 as markets digested the hawkish minutes from the recent FOMC that revealed a Fed focused on inflation combat.
The safe haven demand triggered by the renewed hostilities in the Middle East also swayed market sentiment. Concerns about the fiscal situation in France dragged down the euro, resulting in a surge in the Dollar Index. The selloff in bond markets attributed to renewed fears about the burgeoning global debt and a worrying fiscal position also strengthened the U.S. dollar.
During the past week, the U.S. dollar inter alia rallied against the euro, the British pound, the Japanese yen, the Swiss franc as well the Canadian dollar. The greenback however sli...