Dollar Highest in Almost Nine Months vs. Euro

U.S. dollar rises as unemployment falls and ECB President Mario Draghi emphasizes divergence between U.S. and Eurozone monetary policy.

The dollar strengthened to an almost nine-month high against the euro after European Central Bank (ECB) President Mario Draghi signaled monetary policy will diverge from the U.S. for an extended period of time.

The U.S. currency rose against the majority of its 16 main peers as unemployment claims dropped, pushing the average over the past month to an eight-year low. Russia’s ruble declined to a three-month low as political tension in Ukraine deepened. Australia’s dollar fell by the most in a month against its U.S. counterpart as traders revived bets the nation’s central bank will cut interest rates after unemployment jumped.

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