India, June 8 -- The U.S. Dollar rebounded against major currencies during the week ended June 5 amidst the persisting uncertainty surrounding the Middle East peace process as well as the strong jobs data from the U.S. that boosted bets of a Fed rate hike.
During the past week, the U.S. dollar inter alia rallied against the euro, the British pound, the Australian dollar, the Japanese yen, the Swedish krona, the Canadian dollar and the Swiss franc. The 6-currency Dollar Index jumped more than a percent over the course of the week. Here is a quick recap of the dollar's trajectory during the week ended June 5.
During the week, which witnessed a volatile geopolitical situation in the Middle East as well as key economic data releases from the ...