The dollar gained against the euro after a report showed U.S. employers added jobs last month, adding to signs the world’s largest economy is strengthening and boosting Treasury yields.
The dollar fell against all of its 16 most-traded counterparts before the Federal Reserve starts a two-day meeting tomorrow amid speculation it will buy bonds to boost the economy.
The dollar gained to the strongest level in two weeks against the euro after Federal Reserve policy makers signaled they’ll probably raise interest rates by the middle of next year.
The Australian dollar was 0.5 percent from its lowest level in more than three years before data forecast to show annual consumer prices gains quickened, tempering bets on further interest-rate cuts.
The dollar slumped to a 15-year low against the yen after a private report showed U.S. companies unexpectedly cut jobs last month, fueling speculation the Federal Reserve will buy U.S. assets to spur a slowing economy.
"It makes sense that the euro is broadly weak after the ECB meeting."
- Daniel Katzive on Jun 11, 2014