|Day's range||56.229 - 56.567|
|52-week range||55.5150 - 60.8113|
While the U.S. dollar index fell sharply Friday after Michael Flynn's guilty plea, the greenback did rally against one currency: the Russian ruble.
VSEVOLOZHSK/HELSINKI (Reuters) - Nokian Tyres , which supported earnings during Russia's ruble crisis by boosting exports from the country, is flipping strategy as the economy rebounds. The Finnish firm, which makes most of its tyres in Russia, is now expanding production there to supply the local market while cutting exports. It also plans to open a factory in the United States which will further reduce the need for Russian supplies to go overseas.
The U.S. dollar rebounded from its weakest level against a basket of major rivals since mid-November on views that the greenback's longer-term upward trend remained intact, while the ruble surged after the U.S. Treasury adjusted sanctions on a Russian spy agency. Analysts said U.S. yields would remain more attractive than yields on other countries' bonds given the likelihood of steady interest rate increases from the Federal Reserve this year, while superior U.S. economic growth would also underpin the greenback. "I personally would be a dollar-dip buyer," said Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets in New York.