The euro was 0.3 percent from its strongest level in a month before European Central Bank officials gather for a policy meeting tomorrow, when they are forecast to refrain from cutting the benchmark interest rate.
Australia’s dollar slid to a three-month low after data today showed the nation’s economy grew less than analysts forecast in the third quarter. The pound was near the highest since 2011 after a report showed U.K. construction expanded at the fastest pace in more than six years. The Bank of England sets policy tomorrow. Canada’s dollar was near a three-year low ahead of a central-bank rate decision today. U.S. data may show employers boosted hiring last month.
“Euro strength against the dollar continues to return to the market,” said Kikuko Takeda, a senior analyst at the Bank of Tokyo-Mitsubishi UFJ Ltd. in London. “The ECB isn’t under pressure to ease policy this week as concerns about disinflation have lessened since November’s meeting.”