(Bloomberg) -- The dollar headed for the biggest weekly gain in four months against the euro as strength in U.S. manufacturing and services suggested the Federal Reserve will refrain from cutting interest rates in coming months.
The dollar also was set for a second winning week versus the yen, to the strongest since February, as the yield spread between U.S. and Japanese two-year bonds widened to a three-week high. The U.S. Institute for Supply Management's index of services grew the fastest in three months in April, while manufacturing was the best in almost a year.
Read more at Bloomberg Currencies News
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