Dollar Rises After Strong U.S. Data, But Gains Could Be Overdone

The dollar hit a one-month high against a basket of currencies, buoyed by strong U.S. economic data, but its gains look overdone given the Fed’s focus on slowing inflation, ING said.

The dollar hit a one-month high against a basket of currencies, buoyed by strong U.S. economic data, but its gains look overdone given the Fed’s focus on slowing inflation, ING said.