Economics
Dollar Extends Longest Rally Since August Versus Yen
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The dollar extended its rally versus the yen to six days, the longest since August, as a report showing the fewest initial jobless claims in 14 years countered bets the U.S. economy will suffer from sluggish global growth.
The Bloomberg Dollar Spot Index gained for a third day as the Federal Reserve Bank of Chicago’s national index of economic activity rose more than forecast, after a report yesterday showed an unexpected advance in consumer prices. The euro climbed versus Japan’s currency on a report showing manufacturing in the 18-nation bloc expanded. New Zealand’s dollar fell after inflation slowed. Norway’s krone advanced.