The US dollar recovered after four days of losses, as the risk of a clash between Western powers and Russia in Syria eased after the US president retreated from his promise of a military strike. The dollar rose against a basket of currencies to reach a two-day high of 89.94.
The greenback continued to appreciate against the Japanese yen and the Swiss franc, with USDJPY hitting its highest level since April 6 at 107.42, while the USDCHF reached the highest level since the beginning of the week at 0.9646.
The economic calendar was not full of important economic data today, except for the announcement of the European Central Bank meeting accounts, in which caution was indicated about the movements of the euro, and members agreed that there is insufficient evidence to sustain inflation growth.
The euro fell to a daily low in the wake of weaker-than-expected industrial production data, and the EURUSD currently stands at 1.2310.
