Daily Data Flow

Bright Economic Outlook Boosts Dollar

Bright Economic Outlook Boosts Dollar (Reuters)

In today’s shortened pre-holiday trading, the U.S. dollar rose, thanks to bright economic data boosting convictions that the Federal Reserve will continue tapering its stimulus. “The U.S. data was robust enough to keep the dollar supported to year end, and to convince investors that the Federal Reserve will continue to taper,” said Michael Sneyd, FX strategist at BNP Paribas.

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