The U.S. dollar rose today to reflect investor confidence in the U.S. economy despite criticism of the U.S. president to Federal Reserve and the U.S. equities sell-off.
The dollar hit its daily high against a basket of currencies today at 95.37 after reaching its lowest level since September 28 with the start of morning trading at 94.96.
The dollar has risen 2.5 percent since July on expectations of more interest rate hikes and as safe haven in the middle of the escalating U.S.-China trade war.
The euro fell from a weekly high of 1.1609 following a downward revision of Eurozone core inflation expectations from "relatively strong" to "gradual" by Mario Draghi, the ECB's governor. The euro is currently trading at 1.1560 levels.
