Dollar climbs against Euro on the Fed's stimulus bets

Source: Bloomberg
© Scanpix/AFP
The U.S. Dollar advanced versus the common currency as investors believe the Fed will withdraw expansionary policy sooner than the European Central Bank. The greenback gained 0.4% to $1.3039 per Euro as of 8:43 a.m. in New York after falling to $1.3207 yesterday, the lowest level since Jun 21. A report showed that American manufacturer prices climbed in June more than expected.
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