Dollar Rallies Beyond $1.30 Against Euro for First Time in Month
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The dollar appreciated to a level stronger than $1.30 against the euro for the first time since early December before a report tomorrow forecast to show employers added jobs for a third month.
The euro dropped below the 200-day moving average versus the dollar as the European Union discussed spreading the cost of bank failures. Brazil’s real fell as the central bank set reserve requirements on positions against the dollar held by local banks in a third attempt since October to stem a rally in the currency.