Currencies: Dollar hits 22-month high as Swiss franc and Aussie dollar fall

The U.S. dollar moved higher on Tuesday, gaining ground against most of its major trading partners and edging toward its highest level in almost two years.

The ICE U.S. Dollar Index, DXY, +0.36% a measure of the buck’s strength against six major rivals, was up 0.3% at 97.607. A move above 97.71 would mark its highest level since June 2017.

Read:Why the peak for the U.S. dollar may have already been hit, say Macquarie analysts

Biggest movers

The Swiss franc USDCHF, +0.4332% is the worst-performing major currency, falling 0.7% versus the greenback. The move comes as traders appeared to build short positions versus the euro.

>>> Original Source <<<