Dollar Rallies to Seven Week High

The dollar rose to an almost seven-week high after a gauge of service industries climbed more than forecast in October, adding to the case for the Federal Reserve to taper monthly bond purchases.

New Zealand’s dollar climbed against its U.S. counterpart after the nation’s employment rose 1.2 percent from the prior quarter, according to Statistics New Zealand. The currency climbed 1 percent to 83.65 U.S. cents, the biggest increase since Sept. 18 on a closing basis.

The euro slid 1.4 percent in the past week, the worst performer after Sweden’s krona of 10 developed-nation currencies as a report on Oct. 31 showed the region’s annual inflation rate unexpectedly fell last month. The dollar added 0.7 percent and the yen rose 0.7 percent.