India, July 27 -- The U.S. Dollar staged a strong comeback during the week ended July 24 amidst a renewed flare-up in the Middle East and a jump in crude oil prices that threatened to goad the Federal Reserve into an aggressively hawkish monetary policy. Fresh trade tariff jitters from the U.S. also boosted the dollar.
During the week, which witnessed a rapid widening in the Middle East conflict, 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 half a percent over the course of the week. Here is a quick recap of the dollar's trajectory during the week ended July 24.
During...