The dollar gained for a seventh day against a basket of peers, the longest streak in almost a year, as revised data in a Federal Reserve Bank of Chicago index signaled greater-than-forecast strength in the U.S. economy.
U.S. stocks rose a fifth day, capping the longest rally for the Standard & Poor’s 500 Index since October, on signs earnings are improving. The ruble slipped after a deadly clash in Ukraine, as gold and wheat fell.
Australia’s dollar touched the highest level in more than a month on speculation U.S. data today will show the labor market in the world’s biggest economy is improving, supporting demand for riskier assets.
Ten-year Treasury yields reached the highest level in more than two years on speculation the Federal Reserve will keep reducing stimulus as the economy recovers. The euro rallied and oil topped $100 a barrel for the first time since October, while U.S. stocks were little changed.
The euro reached the strongest level since October 2011 against the dollar after European Central Bank Governing Council member Jens Weidmann said keeping interest rates low may endanger political reforms.