Beijing, Riyadh to control US dollar

Telegraph

Only a month ago the dollar slumped to an all-time low against the euro. And it's just five weeks since the greenback hit a 12-year low against the yen.rnBut now, the US currency has started to strengthen - with the markets talking about a "turning point". On Wednesday, the dollar reached a six-week high against the European single currency, closing in on $1.53 - an improvement of more than 5 cents. And on the same day, the greenback climbed to a 10-week peak against the pound...