By Shinichi Saoshiro
TOKYO (Reuters) – The dollar was in fine fettle against its peers on Friday, advancing to a nine-month high versus the yen, after data reinforced upbeat views about the U.S. economy and backed the Federal Reserve’s signal for a steady course of rate increases over the next year.
U.S. gross domestic product grew at a 4.2 percent clip in the second quarter, the fastest in nearly four years, according to government data on Thursday. Another report showed durable goods rose 4.5 percent in August, rebounding from a revised 1.2 percent drop the month before.
The dollar traded at 113.50 yen <jpy=>after gaining roughly 0.6 percent overnight to 113.64, its highest since December 2017.</jpy=>
Read more at : https://www.investing.com/news/forex-news/dollar-holds-firm-after-upbeat-data-hovers-near-9mth-high-vs-yen-1627271
