Dollar Trades Near Three-Month High as U.S. Consumer Confidence to Rebound

(Bloomberg) -- The dollar traded near a three-month
high against the yen on speculation a U.S. report today will show
consumer confidence rebounded from an eight-month low.

The U.S. currency was also near the highest in six weeks
versus the euro as housing data prompted traders to reduce bets
on a Federal Reserve interest-rate cut. The yen was supported
briefly after Japan's jobless rate unexpectedly fell to a nine-
year low and households increased spending for a fourth month.


Read more at Bloomberg Currencies News