(Bloomberg) -- The dollar rose to a two-month high against the yen and advanced versus the euro as signs of manufacturing strength may allay concern over a slowdown in the world's largest economy.
The U.S. currency gained versus the pound and Swiss franc after the Institute for Supply Management said yesterday it's manufacturing index rose to the highest in almost a year, pushing investors to reduce bets on an interest rate cut by the Federal Reserve. A Fed index of the dollar's value against the currencies of seven major trading partners climbed from an all-time low.
Read more at Bloomberg Currencies News
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