Currencies: Dollar shows strength on the first trading day of the new year

The U.S. dollar showed strength on the first day of trading in 2017, rising across the board against most major currencies, albeit in holiday-thinned conditions.

Many financial centers remained closed in an extended celebration of the New Year’s holiday.

The ICE Dollar Index DXY, +0.06% rose 0.5% to 102.74, higher than 102.29, seen Friday. The dollar gained around 3.5% in 2016, its fourth straight year of advances. The rally has taken the index to levels last seen in 2002.

The WSJ Dollar index BUXX, +0.31% , which measures the dollar against a broader basket of rivals, rose 0.3% to 93.22.

>>> Original Source <<<