Dollar Gains as Bonds Fall on U.S. Data; Gold, Oil Tumble
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The dollar strengthened to a seven-month high against the yen and Treasuries fell as data showed U.S. manufacturing expanded. Commodities tumbled as oil and gold sank, while energy companies led U.S. stocks lower.
The dollar climbed 0.7 percent to 105.10 yen at 4 p.m. in New York and gained 0.8 percent to $1.6472 per British pound. Yields on 10-year Treasury notes increased seven basis points, the most in more than a month, to 2.42 percent. The Standard & Poor’s 500 Index lost less than 0.1 percent after the biggest monthly rally since February, as energy companies tumbled 1.3 percent. Gold slid 1.7 percent and Brent crude slumped to a 16-month low.