Dollar Heads for Weekly Gain as Economic Data Support Tapering

Bloomberg, (17/8) -- The dollar headed for its biggest weekly advance in more than a month against the yen as gains in new-home construction and worker productivity added to signs the world’s biggest economy is improving. The dollar rose 0.2 percent to 97.56 yen at 3:11 p.m. in New York, having risen 1.4 percent this week, the most since the period ended July 5. The U.S. currency added 0.1 percent to $1.3331 per euro after appreciating to $1.3206 yesterday, the strongest level since Aug. 2. The yen dropped 0.1 percent to 130.07 per euro.