NEW YORK Cheap New Balance 574 , Nov. 3 (Xinhua) -- The U.S. dollar rose against other major currencies Monday as mixed economic data from home and abroad bolstered market speculation that the Federal Reserve is moving closer to its first interest rates hike while central banks in Europe and Japan are on track for more monetary stimulus.


The U.S. Institute for Supply Management said Monday that manufacturing purchasing managers'index (PMI) in the country rose to 59.0 in October, up 2.4 from September. The figure, beating the market estimate of 56.1, indicated continued expansion in manufacturing.


A separate report released by data firm Markit on Monday showed Eurozone manufacturing sector remained in a state of near- stagnation last month with its PMI registering 50.6 in October New Balance 574 Shoes , slightly up from September's 14-month low of 50.3.


The upward growth momentum of U.S. economy sparked investors' expectation that the Fed may raise interest rates before mid-2015, despite the central bank offered assurance that it would not raise interest rates for a "considerable time" when announcing the end of a two-year stimulus program in late October.


In the eurozone, the PMI for manufacturing edged up to 50.6 last month, falling short of the flash 50.7 estimate New Balance 574 Red , and only marginally above the neutral 50.0 mark that divides expansion from contraction.


To lift the bloc's waning economy, the European Central Bank ( ECB) started a plan last month to buy covered bonds and asset- backed securities for at least two years and pledged more stimulus plans if needed.


The dollaryen rate extended gains on Monday and surged to 114. 22 in mid-trading, the highest since December 2007, following Bank of Japan's (BOJ) unexpected stimulus measures.


Last Friday New Balance 574 Yellow , BOJ shocked market analysts by voting to raise its annual target for enlarging the country's monetary base to about 80 trillion yen (731.28 billion dollars) to fend off growing deflationary expections. BOJ also said it would purchase more trusts from other banks and financial institutions.


In late New York trading, the euro decreased to 1.2489 dollars from 1.2527 dollars in the previous session, and the British pound fell to 1.5974 dollars from 1.5991 dollars. The Australian dollar went down to 0.8685 dollar from 0.8795 dollar.


The dollar bought 113.78 Japanese yen, higher than 112.29 yen of the previous session. The dollar went up to 0.9650 Swiss francs from 0.9626 Swiss francs and moved up to 1.1367 Canadian dollars from 1.1275 Canadian dollars.

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