Dollar Posts Best Month in More Than a Year on Jobs
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The dollar rose, extending its biggest monthly gain in more than a year, as unemployment claims fell to the lowest since 2006 before a jobs report forecast to show a sixth month of 200,000-plus gains.
The yen and Swiss franc advanced against most of their 16 major peers on haven demand after Argentina defaulted on its debt. That nation’s peso fell. The U.S. currency climbed versus all of its major counterparts in July as signs of a strengthening labor market boosted predictions for higher Federal Reserve interest rates. India’s rupee weakened on concern capital inflows to emerging markets will slow as the Fed cuts bond purchases.