Dollar buoyant after upbeat data, hits nine-month high vs. yen

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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

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