The US dollar accelerated Monday, holding gains from its best week since July, as investors search additional signs the American economy is firm enough for the Federal Reserve to increase interest rates by the end of 2016.
The greenback steadied at $1.1187 per euro. Against the Japanese yen, the currency settled at ¥120.32.
Economic reports this week are significant. Even if the results are mixed, it won’t influence the threshold at the “Fed made clear its intention to raise rates this year,” said Koji Fukaya, Chief Executive Officer at FPG Securities Co.
The US government will release personal spending and prices data for August on Monday before this month’s payrolls on October 2.
The material has been provided by InstaForex Company – www.instaforex.com