(Bloomberg) -- The dollar rose to a four-month
high against the yen as accelerating U.S. job growth and
stronger manufacturing added to signs the economy is
gaining momentum.
The U.S. currency closed this week near a seven-week
high versus the euro as reports encouraged traders to
reduce bets on a cut in borrowing costs by the Federal
Reserve. 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
high against the yen as accelerating U.S. job growth and
stronger manufacturing added to signs the economy is
gaining momentum.
The U.S. currency closed this week near a seven-week
high versus the euro as reports encouraged traders to
reduce bets on a cut in borrowing costs by the Federal
Reserve. 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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