(Bloomberg) -- The dollar rose against the euro and traded near a two-month high against the yen on speculation a U.S. government report today on factory orders will add to the Federal Reserve's case for delaying an interest-rate cut.
The U.S. currency also gained for a third day versus the euro after the Institute for Supply Management's manufacturing index yesterday rose to the highest in almost a year and prompted investors to reduce bets on a reduction in borrowing costs. A Fed index of the dollar's value against the currencies of seven major trading partners climbed from an all-time low yesterday.
Read more at Bloomberg Currencies News
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