Dollar Gains on Fastest Manufacturing Growth in Seven Months

The dollar advanced against the yen for the first time in 11 days as manufacturing in the U.S. expanded in December at the fastest pace in seven months.

The Canadian dollar rose to the highest level against the greenback since May 2008 as crude oil and stocks advanced. The euro bloc added Estonia as its 17th member nation on Jan. 1. Brazil’s real touched the strongest in more than two years as investors bet a new central bank president will raise rates this month. The U.S. currency ended its longest stretch of decreases against the yen since 2004 on signs of economic recovery.