The dollar started the month off strong on Wednesday, as a spate of strong U.S. economic data suggested growth remained robust in June, increasing the likelihood that Federal Reserve policy makers will raise interest rates this year.The dollar USDJPY, +0.12% traded at 123.16 yen, up from ¥122.43 late Tuesday in New York. The euro EURUSD, +0.1809% traded at $1.1057, down from $1.1131 late Tuesday.
The U.S. Dollar Index DXY, -0.06% a measure of the dollar’s strength against a basket of six currencies, was up 0.8% at 96.2660 after the report.
The dollar also traded higher against the pound GBPUSD, -0.0384% and the Canadian dollar CADUSD, +0.0477%
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