(Bloomberg) -- The dollar rose to a three-month high
against the yen and pared losses versus the euro after a gauge
of business activity this month in the Chicago area advanced
more than economists forecast.
Signs of growth may temper speculation of an interest rate
cut by the Federal Reserve this year. The dollar earlier fell
following a government report showing U.S. economic growth last
quarter, already reported as the weakest in four years, was
revised lower.
Read more at Bloomberg Currencies News
against the yen and pared losses versus the euro after a gauge
of business activity this month in the Chicago area advanced
more than economists forecast.
Signs of growth may temper speculation of an interest rate
cut by the Federal Reserve this year. The dollar earlier fell
following a government report showing U.S. economic growth last
quarter, already reported as the weakest in four years, was
revised lower.
Read more at Bloomberg Currencies News
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