U.S. Dollar Near Eight Week High on Upbeat U.S. Data

The U.S. dollar held steady near an eight-week peak against a basket of major currencies on Wednesday, having edged up on the back of encouraging U.S. economic data.

The dollar index last stood at 80.340, staying near a high of 80.470 set on Tuesday, its highest level since early April.  Dollar bulls took heart after data on Tuesday showed orders for long-lasting U.S. manufactured goods unexpectedly rose in April and consumer confidence perked up in May.

Against the yen, the dollar held steady near 101.94 yen, staying within sight of a near two-week high around 102.14 yen that had been set on Tuesday.

CNBC

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