Currency Is the dollar strength inherent or is merely supported by euro and pound weakness? Updated : June 22, 2020 03:57 PM IST The dollar index began its upward rally, after the US FOMC meeting which lacked any additional stimulus from the Fed. The dollar also got to recover against its high-yielding rivals like the euro (EUR) and pound (GBP). Also, profit-taking on risker stocks and worries about the second wave of coronavirus cases gave a boost to the US currency. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.