Strong economic data pushed the dollar up almost 0.8 percent against the Japanese yen. REUTERS/Brendan McDermid
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The dollar jumped to its highest this year against the yen Tuesday, lifted by strong U.S. economic data, while the euro slipped to a one-year low on speculation the European Central Bank will move toward looser monetary policy later this week. U.S. manufacturing hit a nearly 3-1/2 year peak in August and construction spending rebounded strongly in July, the latest signs of U.S. economic vigor.The data lifted the dollar almost 0.8 percent against the Japanese yen, pushing it above the 105 yen mark for the first time since the first week of this year.U.S. Treasuries fell further on the data, with the 10-year note down 19/32 in price to yield 2.41 percent.
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