The dollar extended its streak of declines to the longest since April as economists forecast reports this week will show slowing factory output and a smaller gain in new home sales in the world’s largest economy.
The pound strengthened as the Bank of England announced it may raise its key interest rate earlier than expected.
The euro gained 0.3% to $1.3947 at 12:56 p.m. London time after appreciating to $1.3960, the strongest level since March 13. It reached $1.3967 that day, the most since October 2011. The 18-nation currency climbed 0.1% to 141.88 yen. The dollar fell 0.2% to 101.74 yen.
Ukraine sent additional police forces into eastern regions after pro-Russian protesters seized government buildings. In the U.S., technology stocks from Google Inc. to Yahoo Inc. rallied more than 2% after a three-day selloff
Brazil, the biggest sugar and coffee grower, had the driest January in six decades, scorching crops. Arctic-like cold is projected for the eastern two-thirds of the U.S. at the end of the month, boosting demand for natural gas.
Hedge funds boosted bullish commodity bets to the highest since 2012 as extreme weather threatened global crops.
The dollar headed for its best January since 2009 versus a basket of major peers as consumer spending climbed more than forecast in December, adding to evidence the U.S. economy is growing.
The yen climbed for a third day against the dollar as a report showed China’s economic growth slowed in the fourth quarter, boosting demand for the Japanese currency as a haven.
Wheat declined for a fourth day in Chicago, trading near the lowest level in 19 months, on an outlook for record global supplies of the grain.
A gnat-sized insect, the Asian citrus psyllid, forced Dean Mixon to replace about 1,000 orange trees in the past two years on the 50-acre Florida farm his grandfather started in the 1930s. The bug spreads a disease called citrus greening.