Euro Rises on German Sentiment; Dollar Drops Before Fed
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The euro strengthened for a second day against the dollar after a German report showed investor confidence jumped this month.
The 17-nation currency rose versus all except two of its 16 major counterparts. The Dollar Index fell the most in a week as 48 of 49 economists in a Bloomberg News survey expect the Federal Reserve will expand its bond buying program at a two-day meeting starting today. The Swiss franc fell against the euro as UBS AG joined Credit Suisse Group AG in saying it will charge bank clients for deposits made in the currency.