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FXStreet (San Francisco) - The dollar is trading higher as investors are betting on strong economic data from the United States and the weakness of the euro and the yen. The USD/JPY operates at highest since December 2007.
EUR/USD extended its downward trend for the fourth consecutive day to test the 1.2450 area on Monday. The pair is closing at 1.2480. Investors focus on monetary ECB meeting on Thursday.
USD/JPY continues its climb to infinity and beyond after the BoJ's bazooka and solid US economic data. The couple jumped today to the highest level since 2007 at 114.20. The pair remains bullish.
Maind headlines in the American session
October 2014 US ISM manufacturing PMI 59.0 vs 56.2 exp
United States Construction Spending (MoM) came in at -0.4% below forecasts (0.7%) in September
October 2014 US Markit manufacturing PMI 55.9 vs 56.2 exp
Wall Street closes mixed ahead of mid-term elections
