Dollar Strengthening

Investors continued making bets on the direction of interest rates in the U.S. and Europe

MARKETSCOPE : The dollar strengthened in early trading Friday, as investors continued making bets on the direction of interest rates in the U.S. and Europe.

The dollar index was up 0.53 to 92.41.

Investors waited for the European Central Bank chief to speak later Friday. The euro was a bit lower at $1.1682, even though the German October Producer Price Index surged 0.7%, well above expectations. The sterling was off at $1.7124, after the U.K. October PSNCR swung from a 12 billion pound deficit to a 5 billion surplus. The dollar was up at 119.16 yen even though the Nikkei index rose 1.47%.

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