Greenback racks up biggest rise in 2 weeks

London

THE US dollar racked up its biggest rise in two weeks in 2017's first full day of European trading on Tuesday, as dealers and investors in London returned to push the greenback to within one per cent of December's long-term highs.

One of January's big question-marks, China's yuan, was also proving more stable in its more freely traded offshore markets as a bullish survey of manufacturing purchasing managers helped push it 0.1 per cent higher and also supported the Australian dollar.