The US dollar soared to a 14-year peak as upbeat outlook of the American economy drove 2017 start of trading to higher levels in the market.
The greeback’s rise against other currencies builds on three months performance, strong manufacturing data, forecast for higher growth as well as expectations that Federal Reserves may further increase the interest rate.
President-elect Donald Trump’s avowed policies are generating enthusiasm among businesses for expansion in economic activity, and greater growth in jobs.
Meanwhile, Crude oil saw a two percent fall.
All three indexes on the Wall Street are climbing to record highs.
Outside the United States, developments that helped boost the start of the New Year included faster Chinese manufacturing, and increase in inflation in two large European economies, Germany and France in a sign of succcessful monetary policies.
In London, FTSE 100 saw the stocks touch record high in the morning.
