Economics
Dollar Rises to 5-Year High on Economy as Ruble Slides With Oil
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A gauge of the dollar rose to the highest in five years before economic reports this week that analysts forecast will strengthen the case for tighter monetary policy in the U.S. amid increased stimulus in Europe and Japan.
The greenback advanced to a seven-year high versus the yen before data Dec. 5 that economists predict will show American employers added 200,000 jobs for a 10th month. Australia’s dollar slid after the central bank kept interest rates at a record low. Russia’s ruble and the Norwegian krone fell as oil prices resumed a decline. Federal Reserve Vice Chairman Stanley Fischer said low crude prices are a boon to the U.S. economy.