Dollar hits three-week peak on recent data, Fed taper view - NewsBreak

On Friday, the US Dollar Index (DXY) measured against a basket of six major currencies on an average, had touched a three-week peak, mostly driven by stronger-than-anticipated US retail sales data in August that had bolstered views that the US Fed might begin to reduce its monthly asset purchase program before end-2021, rekindling the greenback's safe-haven appeal while dampening equity indices across the globe.