The U.S. dollar has held on to most of the modest gains seen in recent days as it moved away from longer-term lows against the other majors. Currencies are expected to be a hot topic as World leaders meet starting today for the G20 Summit in South Korea
The dollar jumped to its best level in more than a month against the euro. The buck reached touched as high a s1.3636 before finding resistance. The greenback had reached a nine-month low of 1.4291 last week.
The greenback remained in a range against the British pound after rebounding moderately away from a nine-month low reached last week. The buck briefly moved to the good side of 1.60 before sliding back.
The buck remained near the monthly high of 82.78 reached yesterday after bouncing back from a 15-year low of 80.23. The pair has lingered near 82.50 most of the day.
The Labor Department said that import prices rose by 0.9 percent in October after edging down by 0.1 percent in September. Excluding the 3.0 percent increase in fuel import prices, however, import prices increased by a much more modest 0.3 percent.
Another report from the Commerce Department showed that the U.S. trade deficit narrowed by much more than expected in the month of September, as the value of exports rose and the value of imports fell.
The number of people filing first-time unemployment claims dropped last week, coming in below what economists were expecting.
