The US dollar traded further higher against most major European currencies during New York morning trading on Friday. The greenback climbed to fresh multi-month highs against the euro, pound and the franc.
Extending its European session’s uptrend, the greenback advanced further in today’s New York morning and hit new multi-month highs of 1.3700 against the euro and 0.8841 versus the Swiss franc at around 9:40 am ET. At present, the greenback is worth 0.8832 against the franc and 1.3731 versus the euro from yesterday’s closing value of 0.8757 and 1.3882, respectively.
Against its British counterpart, the US currency also edged up further and jumped to a fresh multi-month high of 1.5885 in early morning deals today. The pair is currently trading near 1.5910, compared to Thursday’s close of 1.5961.
On the economic front, the U.S. Commerce Department reported that wholesale inventories increased by 0.8 percent in July following a 0.6 percent increase in June. The increase in inventories matched the expectations of economists.
At the same time, the Commerce Department said that wholesale sales came in unchanged in July after rising by 0.6 percent in June.