U.S. dollar holds its own for past eight months

Despite dire sanctions in Russia and their impact on the euro zone growth, the United States dollar has held onto a currency high for almost eight months now against the Euro. The trade from Euro to United States Dollar has been averaging at $1.347, which is a positive trend for the United States since November 21.

According to a NASDAQ official report, the United States inflation rate rose 0.3% in June, which is on target with predicted forecasts and is a slight notion that the economy is improving in the United States.

This past week, the dollar also gained 0.16% against the British pound, and fell against the Yen 0.09%, reports Reuters. It is suggested that tensions between Russia and Ukraine could affect the Euro more than it already has, especially if there are trade sanctions enforced within Russia. "Sanctions could have a negative impact on the Euro," states Ian Stannard, who is a currency strategist at Morgan Stanley.

The Austrailian Dollar gained 0.60% against the U.S. Dollar in June, which is higher than expected originally. Despite the drastic differences in currencies, experts believe that the economy should even out soon and be on a steady incline in rates by the end of the year.