Economic news

Review: Upbeat economic data drives up dollar

Impressive U.S. economic data and the prospect for corporate tax cuts lifted the dollar on Tuesday.

The dollar index surged 0.3 percent to 93.839 .DXY, after climbing up to its strongest levels since Aug. 17.

The greenback inched up 0.3 percent versus its Japanese peer to 113.11 yen.

The euro lost 0.2 percent to $1.1709, dragged down by political turmoil after violence-marred independence referendum in Catalonia on Sunday.

Sterling dipped 0.2 percent to $1.3245 following its fall on Monday amid worries about U.K. possibility to do post-Brexit deal with EU.


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