India, June 29 -- The U.S. Dollar extended gains during the week ended June 26 as strong rate hike bets from the Federal Reserve boosted the greenback. Declining crude oil prices as well as the lack of negative surprises in the PCE-based inflation readings, however limited the dollar's surge.
During the 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 around half a percent over the course of the week. Here is a quick recap of the dollar's trajectory during the week ended June 26.
During the week, the Dollar Index (DXY), a measure of the Dollar's strength against a basket of 6 ...