Dollar Heads for Weekly Gain Before Payrolls Data; Forint Rises
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The dollar headed for weekly gains versus the yen and the euro before a U.S. report forecast to show employers added the most jobs in three months, adding to signs the world’s largest economy is gaining momentum.
The euro traded about 0.1 percent from the weakest in 11 years against the yen after reports showed confidence in the European economic outlook fell to a two-year low and German factory orders dropped by the most in almost three years. The euro is poised for a fifth weekly loss against the dollar, the longest run since February 2010. Hungary’s forint strengthened for a second day against the euro.