Dollar Soars on Upbeat Manufacturing Data
U.S. currency reached its highest level since June 2002 during trading
Fresh signs of a U.S. economic upturn sent the dollar to a 14-year high, adding to Wall Street expectations the currency will continue to rise in 2017.
The Institute for Supply Management’s manufacturing index rose to its highest level in two years, pushing the WSJ Dollar Index up 0.3% Tuesday to its loftiest level since mid-2002.
The dollar is up 0.7% in the first two trading days of the year, on top of a 3.1% advance in...