(Bloomberg) -- The dollar rose to the highest level
in almost three months against the yen and advanced versus the
euro as signs of a strengthening economy prompted traders to cut
bets the Federal Reserve will lower borrowing costs this year.
The U.S. currency also gained this week against the pound,
Swiss franc and currencies in Australia and New Zealand on the
data, which showed advances in consumer confidence, industrial
production and employment. The yen dropped as low interest rates
spurred investors to buy higher-yielding assets funded by loans
in Japan, known as carry trades.
Read more at Bloomberg Currencies News
in almost three months against the yen and advanced versus the
euro as signs of a strengthening economy prompted traders to cut
bets the Federal Reserve will lower borrowing costs this year.
The U.S. currency also gained this week against the pound,
Swiss franc and currencies in Australia and New Zealand on the
data, which showed advances in consumer confidence, industrial
production and employment. The yen dropped as low interest rates
spurred investors to buy higher-yielding assets funded by loans
in Japan, known as carry trades.
Read more at Bloomberg Currencies News
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