A number of optimistic U.S. monetary data seemed to hold up the idea of a getting better economy Tuesday, considering on the dollar and other safe haven possessions.
Winning bond auctions in Ireland and Spain, two grateful European countries whose money have worried savers this year, also helped boost the euro.
The euro rose to $1.2854 in morning dealing in New York from $1.2809 late Monday. It has rebounded higher from four-year lows in early June as savers weighed worries about a slowdown in the U.S. next to the lingering effects of high debt in many European countries.
The Federal Reserve said plant output increased 1.1 percent in July, the major increase while August 2009. Total manufacturing production rose 1 percent.
In the meantime, housing construction rose 1.7 percent last month, a sliver of trust in the rocky real estate sector. The majority of the gain came from a big uptick in the building of apartments and condos, which make up a small part of the housing real estate market, however.
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Winning bond auctions in Ireland and Spain, two grateful European countries whose money have worried savers this year, also helped boost the euro.
The euro rose to $1.2854 in morning dealing in New York from $1.2809 late Monday. It has rebounded higher from four-year lows in early June as savers weighed worries about a slowdown in the U.S. next to the lingering effects of high debt in many European countries.
The Federal Reserve said plant output increased 1.1 percent in July, the major increase while August 2009. Total manufacturing production rose 1 percent.
In the meantime, housing construction rose 1.7 percent last month, a sliver of trust in the rocky real estate sector. The majority of the gain came from a big uptick in the building of apartments and condos, which make up a small part of the housing real estate market, however.
Full story
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