India, April 22 -- An escalation in geopolitical tensions in the Middle East coupled with hawkish commentaries from Fed officials supported the Dollar during the week spanning April 15 to 19. The Dollar gained against the pound, but the Australian Dollar as well as the Japanese yen slipped against the euro. The multi-currency Dollar Index also increased during the week.
The Dollar Index or DXY, which measures the dollar's strength against a basket of 6 currencies gained 0.10 percent during the week ended April 19.
A more-than-expected reading on retail sales in the U.S. released at the onset of the new week compounded the anxiety triggered by the hotter-than-expected inflation data released in the previous week and the geopolitical flare-...