Economics
Euro Rises Versus Dollar as Manufacturing Survey Beats Estimates
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The euro rose against the dollar for the first time in three days as a purchasing managers’ index of manufacturing output in the region beat analysts’ estimates, adding to signs Europe’s economy is stabilizing.
The greenback fell versus 13 of its 16 most-traded peers after manufacturing in China and the U.S. also rose, damping demand for safer assets. The yen earlier appreciated against its U.S. counterpart, trading within one yen of a record high and adding to speculation Japan’s central bank may sell the currency to stem its appreciation.