Dollar surges after strong batch of US data

London

THE dollar climbed past more of last year's peaks against the euro on Thursday, with only the March 2015 high of US$1.0457 standing in the way of a push towards parity that banks are again saying is on the cards.

With US markets out for the Thanksgiving holiday, trade is expected to be thinner, and the dollar set a series of new landmarks in early trade in Europe, extending its surge after another strong batch of US economic data on Wednesday.