The dollar rose to the highest level in more than two months against the euro on speculation the US economic recovery will prompt the Federal Reserve to start reducing stimulus measures. Greek bonds fell for a second day.
The dollar strengthened against 15 of the 16 most-traded currencies tracked by Bloomberg at 12:12 pm in London (in Taiwan 20:12), advancing 0.8 percent compared with the euro.
While none of the 97 economists surveyed by Bloomberg predicts the Fed will begin raising interest rates at meetings today and tomorrow, investors anticipate the central bank will soon begin to drain some of the $12 trillion it has pumped into the economy.
Signs of recovery from the first global recession since World War II are increasing, and a Fed report today may show industrial production rose 0.5 percent last month, according to a separate survey.
The euro dropped to $1.4526 at 21:45 (GMT+8 ).
Mots clés Technorati : USD,American Economy,Inverse Correlation,fvtaiwan
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