Dollar Rebounds, Ending Two Day of Declines
Photographer: Bloomberg Daybreak/Getty Images
Good morning. The dollar rebounds on signs the US service sector remains strong. Friedrich Merz takes over as German chancellor today. And 12-cent cola is shaking up India’s fizzy drink industry. Listen to the day’s top stories.
The dollar bounced back after two days of declines as data showed activity at US service providers accelerated last month. Wells Fargo’s Christopher Harvey expects the S&P 500 Index to end the year at more than 7,000. And FTSE 100 contracts pointed higher after a long weekend. Other European futures were mixed.