Signs that the US economy is in recovery mode continue to unfold.  The latest two being an increase in online holiday spending and the dollar trading at 90 day highs.

According to data released by comScore today, Americans spent $27.12 billion online between November 1st and December 24th.  This figure marks a 5% rise over spending during the same time period last year.

A statement released by comScore Chairman Gian Fulgoni indicated that consumer electronics sales jumped over 20%.  Jewelry and watches also performed well after a “very weak” season the year before.

Good news from merchants may have played a role in the U.S. dollar’s rebound.  Bloomberg is reporting the dollar is trading at a three month high Wednesday.  News of an expanding manufacturing market and no job cuts in December also played a part.

“A combination of higher U.S. yields and further signs of improvement in the labor situation in the U.S. should continue to underpin the dollar,” said Robert Rennie, chief currency strategist at Westpac Banking Corp. in Sydney. “There is a stronger sense that 2009 was not as kind to the Japanese economy as it was to other parts of Asia. We are set to see more policy options being discussed within the BOJ.”