The dollar on Friday neared its highest levels against the euro since early February amid rising tensions between Russia and the West.
The Russian military supplied a Buk surface-to-air missile system to pro-Russian rebels who used it to bring down a passenger jet over Ukraine, a senior U.S. defense official told CNN.
298 people died in Thursday’s crash.
Safe haven currencies rose in the aftermath of the attack, with the dollar improving to $1.3520 against the euro.
A series of disappointing economic news from the euro zone has also weighed on the euro. Stagnant inflation and high unemployment will likely compel the European Central Bank to announce further stimulus this summer.
On the other hand, the Bank of England is seen raising interest rates in the next few months. The dollar edged slightly higher against the sterling today, holding near $1.7050, about a penny from a recent 6-year low.
The buck inched up to Y101.50 versus the yen, near the middle of a stubborn trading range.
Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of July, according to a report released by Thomson Reuters and the University of Michigan on Friday.
The report said the preliminary reading on the consumer sentiment index for July came in at 81.3 compared to the final June reading of 82.5.