The dollar rose to a six-month high against the euro as reports showed the U.S. economy beat estimates by growing in the fourth quarter at the fastest pace since 2003 and consumer confidence improved in January.
The euro posted its biggest monthly drop against the yen in a year on concern Greece’s budget problems will spread. The franc fell from a 10-month high against the euro on speculation Switzerland’s central bank intervened in currency markets to curb its strength and support the nation’s economy.
“The dollar was strong already, and it’s continued the trend, senior market strategist at Brewer Investment Group in Chicago. “Any time the numbers beat expectations that significantly, it’s good news.
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