The dollar rose on Wednesday after strong economic data further backed the case for the Federal Reserve to raise interest rates, and after officials said the European Central Bank was discussing additional options for stimulating the economy.
Manufacturing output rose well above economists' expectations in October and a gauge of U.S. business investment plans surged. A survey of factories also showed a rise in new orders last month, the Commerce Department said.
The data turned the dollar upwards against the yen, which rallied overnight on heightened tensions between Russia and Turkey. The dollar touched a session high against the yen after the data; it last traded at 122.72 yen.