The dollar strengthened to almost a one-month high after a report showed U.S. orders for durable goods unexpectedly rose in April.
The euro headed for the biggest monthly drop since January versus the U.S. currency after European Central Bank President Mario Draghi signaled yesterday that policy makers are ready to expand stimulus. Hungary’s for-int extended losses after the central bank cut interest rates to a record low. The Turkish lira fell the most in a week as consumer confidence dropped. A gauge of volatility in Group of Seven currencies fell to almost the lowest in seven years.
The Bloomberg Dollar Spot Index, which tracks the greenback against the performance of a basket of 10 major currencies, gained 0.1 percent to 1,011.19 as of 9:55 a.m. New York time. The index reached 1,012.43 on May 23, the strongest level since April 24.
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