March 5 (Bloomberg) -- The euro climbed the most versus the dollar in six weeks as the European Central Bank said it may raise interest rates next month, while Federal Reserve officials signaled the U.S. economy still needs stimulus.
The Swiss franc rose to a record against the U.S. currency as turmoil pushed oil to a 29-month high. The greenback fell versus most major peers on speculation a payrolls gain wasn’t enough to spur the Fed to raise rates soon. Fed Chairman Ben S. Bernanke wouldn’t rule out more Treasury buys to support growth. U.S. retail sales rose last month, data next week may show.
“The takeaway from a very busy week is still a clear tightening signal from the ECB, relatively dovish comments from Bernanke and a U.S. jobs report that’s positive, but not positive enough to alter U.S. rate expectations,” said Vassili Serebriakov, a currency strategist at Wells Fargo & Co. in New York. “There’s scope for some further near-term dollar weakness or euro strength.”
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