-
US dollar hits seven-week high, bolstered by data, debt ceiling hopes
The dollar rose to seven-week peaks on Thursday as another round of solid economic data further pared back bets on easing by the Federal Reserve, with the greenback also boosted by expectations of a U.S. debt ceiling deal to a avert potential default. The dollar index, a measure of the greenback's value against six major currencies, touched a new seven-week high of 103.63, and was last up 0.7% at 103.56 =USD. Against the yen, the dollar rose to a six-month peak of 138.74 and was last up 0.7% at 138.715 yen JPY=EBS. Negotiators for the White House and congressional Republicans met again on Capitol Hill to discuss ... (full story)