Dollar Winning Streak Extends Into Fifth Week as Yen Slumps
- The longest stretch of gains since February weighs on peers
- Rate gap makes Japanese yen the worst performer this year
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A key gauge of the dollar strengthened for a fifth week as the timing for the Federal Reserve’s first interest-rate cut remains cloudy.
The Bloomberg Dollar Spot Index edged 0.1% higher in the past five days, marking the longest stretch of weekly advances since February. The gauge ended the day at the highest level on a closing basis since early November.