(Bloomberg) -- The dollar rose to a four-month high
versus the yen and strengthened against the euro on signs the
world's largest economy is gaining momentum.
The U.S. currency advanced on reports showing gains in
employment and manufacturing, which may reduce the likelihood of
a cut in borrowing costs by the Federal Reserve later this year.
The central bank said in minutes of its May 9 meeting released
this week that it still expects a pickup in the economy this
year and views inflation as its main concern.
Read more at Bloomberg Currencies News
versus the yen and strengthened against the euro on signs the
world's largest economy is gaining momentum.
The U.S. currency advanced on reports showing gains in
employment and manufacturing, which may reduce the likelihood of
a cut in borrowing costs by the Federal Reserve later this year.
The central bank said in minutes of its May 9 meeting released
this week that it still expects a pickup in the economy this
year and views inflation as its main concern.
Read more at Bloomberg Currencies News
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