(Bloomberg) -- The dollar rose from a record low against the euro as private reports showing resilience in U.S. manufacturing and services industries reduced concern over a slowdown in the world's largest economy.
The U.S. currency also touched a two-month high versus the yen this week as April data showed manufacturing was the strongest in almost a year and services including banking and retailing grew the fastest in three months. The gain may fizzle on bets the European Central Bank will signal further increases in borrowing costs while the Federal Reserve holds its benchmark rate steady at policy meetings next week.
Read more at Bloomberg Currencies News
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