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2016.10.2422:18:00UTC+00Dollar Climbs After U.S. Manufacturing Data

The dollar climbed as the solid manufacturing report and comments from Federal Reserve officials boosted bets on higher U.S. interest rates. The WSJ Dollar Index increased by 0.1 percent to 88.61.

The dollar was up against the Japanese yen however it was weaker versus several emerging-market currencies. The latest report indicated growth in the U.S manufacturing sector which rebounded in October hence boosting the dollar. IHS Markit's manufacturing index rose to 53.2 in October as new order growth reached a one-year high. Fed-funds futures has shown that investors implied a 74 percent chances of a rate hike in December, according to CME Group data.

The dollar declined against the Mexican peso by 0.2 percent, against the Brazilian real by 0.9 percent and 0.1 percent against the Turkish lira. The Chinese central bank fixed the yuan 0.2 percent lower against the greenback.

Tags: USD
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