Dollar Extends Best Streak Versus Yen Since 2001; Pound Declines

The dollar rose for an eleventh day versus the yen, the longest run of gains since 2001, as the U.S. currency was propelled higher by speculation the Federal Reserve is moving toward raising interest rates.

The Bloomberg Dollar Spot Index rose to the highest level since March as economists said data today will show U.S. employers boosted jobs and increased wages, lessening the need for accommodative monetary policy. An index that tracks the performance of 20 developing-nation currencies against the greenback fell to the lowest since March and Australia’s dollar weakened. The pound fell to a seven-week low after a gauge showed U.K. manufacturing grew less than economists forecast.