Dollar Rises to Four-Month High Against Yen on Strength in Manufacturing

(Bloomberg) -- The dollar rose to a four-month high
versus the yen and strengthened against the euro after a private
report showed the U.S. manufacturing sector advanced faster than
economists forecast.

The data added to evidence of a rebound in the U.S.
economy, which may reduce the likelihood of a cut in borrowing
costs by the Federal Reserve later this year. The dollar
strengthened earlier today after a government report showed U.S.
job growth accelerated last month.


Read more at Bloomberg Currencies News