(Bloomberg) -- The dollar rose to a four-month high
against the yen and increased versus the euro as a stronger
labor market added to signs the economy is gaining momentum.
Futures traders reduced bets on a cut in borrowing costs by
the Federal Reserve after reports showed advances in hiring and
manufacturing. The central bank said in minutes of its May 9
meeting released this week that it still expects a pickup in the
economy this year and views inflation as its main concern.
Read more at Bloomberg Currencies News
against the yen and increased versus the euro as a stronger
labor market added to signs the economy is gaining momentum.
Futures traders reduced bets on a cut in borrowing costs by
the Federal Reserve after reports showed advances in hiring and
manufacturing. The central bank said in minutes of its May 9
meeting released this week that it still expects a pickup in the
economy this year and views inflation as its main concern.
Read more at Bloomberg Currencies News
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