WSJ: WORLD FOREX: Euro, UK Pound Gain Vs Dollar On Global Data
NEW YORK (Dow Jones)--The euro shot to a three-month high against the dollar Monday, while the U.K. pound hit its best level in six months, as better-than-expected manufacturing data from several countries boosted confidence in the global economic recovery.
After recent worries that leading economies--especially the U.S.--could be losing steam, the positive data in the euro zone, U.K., China and U.S. tempered some of that pessimism, sending investors into higher-yielding assets that translated into strong gains in U.S. stocks and a broad loss for the low-yielding dollar, which sank to the lowest level since April against a trade-weighted basket of ...
