(Bloomberg) -- The dollar reached the strongest
level in six weeks against the euro and a three-month high
versus the yen as reports suggested the U.S. economy is
gaining momentum.
The U.S. currency gained a fourth straight week
against the euro, rebounding by more than 2 cents from its
record low set a month ago, as traders cut bets the Federal
Reserve will reduce interest rates. Reports showed a third
consecutive month of gains in durable goods orders and the
biggest jump in new home sales in 14 years in April.
Read more at Bloomberg Currencies News
level in six weeks against the euro and a three-month high
versus the yen as reports suggested the U.S. economy is
gaining momentum.
The U.S. currency gained a fourth straight week
against the euro, rebounding by more than 2 cents from its
record low set a month ago, as traders cut bets the Federal
Reserve will reduce interest rates. Reports showed a third
consecutive month of gains in durable goods orders and the
biggest jump in new home sales in 14 years in April.
Read more at Bloomberg Currencies News
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