2013.08.3017:22:00UTC+00Usd Rises to 4-Week High As Syria Spurs Demand for Safety
Worries about a Syrian conflict pushed the dollar index, which tracks the greenback against a basket of six major currencies, to a four-week high of 82.263.
The dollar index, which last traded up 0.2 percent at 82.078, was also buoyed by weakness in the euro, the largest component of the index, which fell on soft data out of the region.
"Next week should be quiet leading up to Friday's nonfarm payrolls report, but the technicals and fundamentals suggest we have entered a new period of U.S. dollar strength," said Camilla Sutton, chief currency strategist at Scotiabank in Toronto.
Currency speculators, meanwhile, increased their bets in favor of the U.S. dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday, snapping five straight weeks of declines.
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