Dollar Gains as Predicted Job Gains Fuel Fed Tapering Prospects

The dollar gained versus most of its major peers this week ahead of a U.S. report today that may show companies added enough jobs to lower the unemployment rate, boosting growth prospects for the world’s biggest economy.The greenback traded near its strongest in more than a month against the yen and euro amid speculation the Federal Reserve will start paring back stimulus. The euro and pound slid after European Central Bank President Mario Draghi and Bank of England Governor Mark Carney signaled in separate policy decisions that they will keep borrowing costs at record lows.The dollar rose 0.2 percent to 100.25 yen as of 8:34 a.m. in Tokyo after touching 100.86 on July 3, the highest since May 31. The U.S. currency gained 0.1 percent to $1.2903 per euro from yesterday, when it reached $1.2883, the strongest since May 29. The euro added 0.1 percent to 129.35 yen. The pound lost 0.2 percent to $1.5037 after earlier falling to $1.5028, the least since May 29.