Dollar adds to gains after Chicago PMI

The U.S. dollar added to earlier gains on Wednesday after the Chicago purchasing managers index, which measures business activity in the region, improved in December, while many analysts expected a slight decline. The dollar index /quotes/comstock/11j!i:dxy0 (DXY 78.10, +0.27, +0.34%) , a measure of the greenback against a basket of major currencies, rose to 78.131 from a reading of 77.811 in late North American trade on Tuesday. The U.S. currency reached a two-month high versus the Japanese yen as fears of a potential bankruptcy filing by Japan Airlines and credit-agency concerns about the nation's fiscal outlook pressured the Japanese currency. The dollar rose to 92.51 yen, up from 92.01 yen on Tuesday.

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- Posted: 2009-12-30 09:11:01

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