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The Greenback Remains Strong Against Most Currencies, Hitting One Month Highs

“The dollar was 0.2 percent from an almost one-month high against the yen before data today that may add to signs of economic recovery in the U.S., curbing the chances of further monetary easing from the Federal Reserve.

The greenback held gains versus most major peers with reports forecast to show improvements in the manufacturing industries of the world’s biggest economy. Demand for the euro was limited after figures yesterday showed gross domestic product contracted in Europe’s 17-nation currency bloc. The Australian dollar touched a one-week low after a report indicatedconsumer confidence fell by the most in five months. Malaysia’s ringgit slid before GDP figures due today.”

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