The dollar rose to the strongest since August 2009 against the yen before a U.S. report that analysts said will show employers stepped up hiring last month, adding to signs the world’s biggest economy is gaining momentum.
Ernst & Young LLP, in its role as former auditors for Lehman Brothers Holdings Inc. , was sued for civil fraud yesterday by New York Attorney General Andrew Cuomo, who becomes the state’s governor Jan. 1.
The pound dropped to a three-week low against the dollar after a U.S. central bank report showed a measure of manufacturing accelerated at the fastest pace in a year, luring investors away from Britain’s currency.
The pound fell the most this year versus the euro amid optimism Europe’s debt crisis is abating after European Central Bank President Jean-Claude Trichet signaled he’d raise interest rates if needed to fight inflation.
The pound rose to the highest level in more than four years against the dollar as Federal Reserve Chair Janet Yellen signaled the U.S. central bank will keep an accommodative monetary policy that has weakened the greenback.