Dollar rises to 2-month high on euro

NEW YORK (Reuters) -- The U.S. dollar jumped to a two-month high against the euro Friday after surprisingly strong consumer data boosted expectations the Federal Reserve would raise interest rates sooner rather than later.

Retail sales posted the largest advance since August last month, while consumer sentiment improved sharply in early December. The reports stoked optimism about a recovery in the world's largest economy and pushed the euro below $1.46 for the first time since early October.