The
dollar climbed to its strongest in more than a year versus the pound
after U.K. policy makers cut growth forecasts while the U.S. Federal
Reserve prepares to raise interest rates.
The
greenback rose against the euro as European Central Bank Governing
Council member Jens Weidmann said inflation would stay low for an
extended period of time. The yen advanced from its weakest level in
seven years versus the dollar as Japanese officials downplayed
speculation of an early election that may boost Prime Minister Shinzo
Abes mandate for unprecedented stimulus. New Zealands dollar rallied.
The
U.S. currency added 0.9 percent to $1.5782 per pound as of 3:15 p.m. in
New York after touching $1.5776, the strongest since September 2013.
The dollar rose 0.3 percent to $1.2432 per euro.
The
Bloomberg Dollar Spot Index, which tracks the greenback against 10
major currencies, gained 0.2 percent to 1,094.26. The yen strengthened
0.2 percent to 115.53 per dollar. The yen appreciated 0.6 percent to
143.63 per euro.
Source : Bloomberg
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