India, June 23 -- The U.S. Dollar rebounded against major currencies during the week ended June 20 amidst an escalation in tensions in the Middle East. The U.S. dollar inter alia gained against the euro, British pound, the Australian dollar, the Japanese yen, the Canadian dollar, the Swedish krona and the Swiss franc.
The Dollar Index (DXY), a measure of the Dollar's strength against a basket of 6 currencies added 0.54 percent during the week ended June 20. The DXY which had closed at 98.18 on June 13 finished trading at 98.71 a week later. During the week, the index traded between the low of 97.68 recorded on Monday and the high of 99.16 recorded on Thursday.
The Federal Open Markets Committee on Wednesday maintained the target range for...