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Bloomberg reports that the greenback is currently close to a three-month high when compared to its European counterpart, while it has climbed to its highest for eight weeks versus the yen.
At 07:03 GMT the dollar was priced at $1.4258 (89p) and 91.71 (63p) against the euro and yen respectively.
Positive economic data from the US is the main factor behind its current rally, with new statistics showing a 7.4 per cent climb in existing home sales in the country during November helping to raise optimism that an economic recovery is underway.
Robert Rennie, head of currency research for Westpac Banking Corp, told the news source that this "is a trend we generally expect to continue".
And Caxton FX's Duncan Higgins said earlier this week that the dollar's strength will continue into 2010.
Posted by Greg Secker
