The US dollar's exchange rate has reached a week high against the euro after Russian finance minister Alexei Kudrin announced his faith in the US currency. The support by the Russian has inspired the dollar to advance against 15 of the 16 major currencies.

The combination of Kudrin's belief that it is too early to speak of an alternative to the world's reserve currency, and Germany's top industrial group reporting that credit conditions in Europe's largest economy are worsening, have helped the dollar advance against the euro.

The current euro exchange rate is USD1.388.

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The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.