Bloomberg News

Dollar Gains Versus Euro, Yen on Outlook for U.S. Recovery

June 30, 2011

July 1 (Bloomberg) -- The dollar rose against the euro and yen before a report that may show U.S. consumer confidence improved, suggesting the world’s largest economy is recovering.

The dollar advanced to $1.4476 per euro as of 10:12 a.m. in Tokyo from $1.4502 in New York yesterday. The greenback fetched 80.84 yen from 80.56.

To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net

To contact the editor responsible for this story: Jonathan Annells at jannells@bloomberg.net


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