The
dollar rose by the most in five months against the euro as U.S. stocks
surged after better-than-expected data on capital goods orders bolstered
the outlook for economic growth.
The
greenback advanced against most of its major peers as U.S. stocks
staged their biggest rally since 2011 after markets from Asia to Europe
fell amid the worst global equity rout in almost four years. The dollar
pared gains, and later resumed its climb, after Federal Reserve Bank of
New York President William Dudley said the case for raising U.S.
interest rates in September is less compelling amid recent market
turmoil.
The
dollar advanced 1.8 percent to $1.1314 per euro at 5 p.m. in New York,
the biggest increase since March 19. It gained 0.9 percent to 119.92
yen, the most since July 10. The Bloomberg Dollar Spot Index rose 0.7
percent to 1,202.94.
Source: Bloomberg
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