Dubai – Mubasher: The U.S. dollar continued its ascent and against the euro and touched its highest level since April. Traders both speculative and real money have been slow in jumping back on the long dollar train, said Ole Hansen, head of commodity strategy at Saxo Bank.

However, speculation about additional stimulus being announced by the European Central Bank on December 3 in addition to the expected US rate hike on December 16, mean a continued rally into year-end seems increasingly likely, he added.