The USD continued to strengthen during the European session against other currencies.
EUR/USD has also lost ground as the need becomes clear for the ECB to diverge from the Fed on future monetary policy actions.
The GBP/USD was not influenced by today’s UK GDP, which was in line with expectations and was certainly not enough to relieve pressure from the dollar rally.
USD/JPY rose to its highest level since the mid-1990s at 153.34, but there were no comments from Japanese officials suggesting potential intervention is not likely at this time.
The AUD and NZD also lost strength against the Dollar as no significant economic news impacted them.
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