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The US dollar rose on Friday, extending gains after upbeat data on personal income, spending and manufacturing in the US Midwest, with market participants also taking profits on the currency’s short dollar positions this month. The US dollar index was down 2.1 percent for last month, its largest monthly loss since December last year. Next week’s US data, which includes non-farm payrolls for last month and key US manufacturing and services indices, should reinforce expectations of a strong recovery from the COVID-19 pandemic by the world’s largest economy. “Another round of potentially strong data in the US may add pressure ....
FOREX-Dollar rises after U.S. data, but posts largest monthly fall since December Reuters 4/30/2021 By Gertrude Chavez-Dreyfuss Robust U.S. data helps dollar Investors take profits on short dollar bets Euro posts best month since July 2020 Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Adds comment, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, April 30 (Reuters) - The dollar rose on Friday, extending gains after upbeat data on personal income, spending, and manufacturing in the U.S. Midwest, with market participants also taking profits on the currency s short dollar positions this month. The dollar index was down 2.1% for the month of April, its largest monthly loss since December. Next week s U.S. data, which includes non-farm payrolls for April and key U.S. manufacturing and services indexes, should reinforce expectations of a strong recovery from the pandemic by the world s largest economy. Another ro ....