Dollar ascendant amid resilient US economy, haven demand


Source: reuters.com reuters.com

Key Topics in this News Article:

News Snapshot:

TOKYO, May 25 (Reuters) - The dollar pushed to a two-month high against the euro and a six-month peak versus the yen on Thursday, as a resilient U.S. economy led traders to pare their bets on rate cuts this year. The greenback has also benefited from demand for safe havens, paradoxically as a U.S. debt ceiling impasse threatens a disastrous default as soon as June 1, when the Treasury has warned it would be unable to pay all its bills. The dollar touched $1.07425 per euro early in the Asian session for the first time since March 24, and remained...