Dollar Advances With U.S. Stocks as Oil, Gold Decline
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The dollar gained with U.S. stocks as a report showed the American economy grew more than forecast last quarter. Oil slid from a two-year high while European shares rose for the first time in four days.
The Bloomberg U.S. Dollar Index, a gauge of the currency against 10 major peers, climbed 0.5 percent and the Standard & Poor’s 500 Index increased 0.2 percent at 4 p.m. in New York. The Stoxx Europe 600 Index added 0.8 percent as Vodafone Group Plc jumped 8.2 percent to an 11-year high. Crude slipped 1.2 percent and gold dropped 0.4 percent. The yield on 10-year Treasuries fell less than one basis point to 2.76 percent, reversing an earlier gain, following a U.S. auction of notes.