Dollar Matches Two-Year High Versus Euro on Fed as Kiwi Weakens
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The dollar matched a two-year high versus the euro amid speculation the Federal Reserve will increase interest rates as early as April while other major central banks maintain monetary stimulus.
A gauge of the U.S. currency was about 0.2 percent from the highest level in more than five years before reports tomorrow that analysts said will show America’s economic growth quickened and orders for durable goods rose. New Zealand’s currency weakened against all except one of its 16 major counterparts after a gauge of consumer confidence fell. The Australian dollar advanced as Asian stock gains increased demand for higher-yielding assets.