Economics
Dollar Rises Second Day Versus Euro Before Payrolls; Krone Drops
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The dollar strengthened for a second day against the euro before a U.S. report that analysts said will show companies added enough jobs to lower the unemployment rate, boosting growth prospects for the world’s biggest economy.
The Dollar Index advanced to a five-week high amid bets an improving U.S. economy will prompt the Federal Reserve to reduce monetary stimulus that tends to weaken a currency. The pound dropped to a three-month low against the dollar on speculation the Bank of England is ready to do more to aid the U.K. recovery. Norway’s krone fell after a government report showed manufacturing production dropped more than economists forecast.