US Dollar Finds Support From Rising Rates

        09:08 EDT - With investors increasingly focused on the when the Fed might increase rates, the dollar is correlating more closely with economic datapoints. As the indicators come in stronger, showing a more-robust recovery from the financial crisis, the dollar should move higher on it, said Daniel Brehon, strategist at Deutsche Bank. "There's no ambiguity when we're in the midst of a turn in the rate cycle; the dollar rallies on good data, and this is good data," Brehon said, referring to Friday's strong payrolls report. "Now, it's a rates story for the dollar." Dollar up 0.5% against the yen, at Y102.80. Euro off 0.4% to $1.3820. (james.ramage@wsj.com)
        (END) Dow Jones Newswires

        May 02, 2014 09:08 ET (13:08 GMT)