Tuesday, May 1, 2007

Dollar hits 2-mth high vs yen on solid US data

(Reuters) - The dollar surged to a two-month high against the yen on Wednesday, extending gains in the wake of data that showed U.S. manufacturing has been expanding at its fastest pace in almost a year.

The Institute for Supply Management said its index of national factory activity rose to 54.7 in April from 50.9 in March. The reading was the highest since May 2006.


Read more at Reuters Africa

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