Dollar Near 6-Week High Versus Euro on Taper Bets. The dollar traded 0.2 percent from a six-week high against the euro amid signs the U.S. economic recovery is gaining traction, adding to the case for the Federal Reserve to scale back stimulus this month. The Bloomberg U.S. Dollar Index was near the highest since July before the Fed releases its outlook survey known as the Beige Book, while data later this week may show August payrolls rose by 180,000. Australia’s currency climbed against its major peers after the nation’s economic growth quickened. The pound was near a three-month high against the euro.
Posted on: Wed, 04 Sep 2013 08:25:36 +0000