Dollar Rises After Blockbuster US Data Lures in Bulls

Dollar Rises After Blockbuster US Data Lures in Bulls
U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul on Feb. 7, 2011. Lee Jae-won/Reuters
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LONDON—The dollar rose on Friday and is set for a third monthly gain after solid U.S. growth figures argued for interest rates to remain high for longer, while the yen struggled around the 150 level ahead of the Bank of Japan’s policy meeting next week.

The U.S. economy grew at its fastest pace in nearly two years in the third quarter, data on Thursday showed, as higher wages from a tight labour market helped power consumer spending.