Dollar Gains 7th Day as Economic Data Signal Growth
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The dollar gained for a seventh day against a basket of peers, the longest streak in almost a year, as revised data in a Federal Reserve Bank of Chicago index signaled greater-than-forecast strength in the U.S. economy.
The yen fell for a seventh day versus the greenback after a report showed Japan’s trade deficit widened more than forecast last month. The U.S. currency rose versus the euro as as leading U.S. economic indicators backed speculation the Fed will remove stimulus this year. New Zealand’s dollar dropped before the Reserve Bank sets policy on April 24. The ruble weakened after deadly clashes in Ukraine’s east.