Euro Strengthens for a Third Month on Inflation Jump; Real Drops

The euro gained for a third straight month versus the yen after the currency region’s consumer-price index rose more this month than forecast, fueling bets the European Central Bank will refrain from further stimulus.

The dollar advanced for the first month since August before a report next week forecast to show the U.S. job market maintained gains. Canada’s dollar slid before the central bank meets. The yen fell for a fourth month versus the dollar as Japanese consumer prices climbed the most in 15 years. Japan’s currency had its worst month against the euro since April as inflation in the currency bloc rose from a four-year low in October.