Dollar Climbs Ahead of U.S. Sentiment, Home Data; Yen Halts Gain
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The dollar rose against most of its major peers before U.S. data today that economists say will show consumer confidence improved and home prices gained.
The Dollar Index climbed amid prospects improving U.S. fundamentals will prompt the Federal Reserve to taper its monthly bond purchases of $85 billion. The yen snapped a three-day advance versus the euro as Asian stocks rose and after the Bank of Japan estimated a key component of funds in the nation’s economy reached a record amid unprecedented stimulus.