Dollar Rises as Economists Say Job Growth Quickened; Yen Weakens

3
Oct

The dollar strengthened for the first time in three days against the yen before a U.S. government report that economists say will show employers added the most jobs in three months in September.

The Bloomberg Dollar Spot Index headed for a seventh weekly gain, its longest run since June 2010, as improving U.S. data adds to speculation the Federal Reserve will raise interest rates next year. The yen fell versus all of its 16 major counterparts as the Bank of Japan boosted bill purchases and Governor Haruhiko Kuroda said a weakening currency was unlikely to hurt the economy. New Zealand’s dollar declined.

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