VINACHEM

The Dollar Index declined for a third day before the Federal Reserve releases its Beige Book report. The euro waslittle changed against the yen before European Central BankPresident Mario Draghi and his board meet tomorrow. Speculationthat central banks will continue stimulus helped spur the Dow Jones Industrial Average to a record in New York. Australia’scurrency rose for a second session as data showed the nation’seconomic growth accelerated last quarter.

“The dollar is being sold in a risk-on trade,” said Kazuo Shirai, a trader at Union Bank NA in Los Angeles. “The DowAverage climbed to a record and Treasuries were sold. The marketis waiting for the jobs report.”

The dollar lost 0.1 percent to $1.3062 per euro as of 7:28a.m. in London after falling 0.2 percent to $1.3052 in New York.It was little changed at 93.34 yen from yesterday when it slid0.2 percent. The euro traded at 121.93 yen from 121.76.

The Dollar Index, which Intercontinental Exchange Inc. usesto track the greenback against currencies of six U.S. tradingpartners, lost 0.1 percent to 81.990.

U.S. companies took on more workers last month after addingthe most jobs in almost a year in January, figures from theRoseland, New Jersey-based ADP Research Institute will probablyshow today.

U.S. Jobs

Firms added 170,000 positions in February, following a192,000 increase the previous month, economists forecast in aBloomberg News survey. The Labor Department will release itspayrolls data on March 8.

The Swedish krona and New Zealand dollar have led gainsthis week among 10 developed nation currencies tracked byBloomberg Correlation Weighted Indexes as optimism about growthin the world’s largest economy spurred demand for higher-yielding assets. The Dow closed at a record 14,253.77 yesterday.

The ECB will probably maintain its benchmark rate at 0.75percent this week, according to a Bloomberg survey. The centralbank will also update its December economic forecasts.

The euro area’s gross domestic product probably fell 0.6percent in the fourth quarter from the previous three-monthperiod, according to the median estimate of economists surveyedby Bloomberg before the data today. The European Commission seesinflation at 1.8 percent this year and 1.5 percent in 2014.

Anticipate Easing

“‘Since the ECB’s last economic forecast in December, theeuro has appreciated, so that could weigh on their outlook forinflation and the market may look to price in more ECB policyeasing,” said Peter Dragicevich, a Sydney-based currencyeconomist at Commonwealth Bank of Australia (CBA), the nation’slargest lender. “That probably could weigh on the euro intoweek’s end.”

Australia’s dollar gained after the nation’s statisticsbureau said GDP expanded 0.6 percent in the fourth quarter andrevised growth for the previous three months up to 0.7 percentfrom 0.5 percent previously.

Traders are betting the Reserve Bank of Australia willlower its benchmark 3 percent interest rate by 31 basis pointsover 12 months, down from wagers on 50 basis points of cuts onMarch 4, a Credit Suisse Group AG index based on swaps shows.

“We’ve seen market pricing for more rate cuts by the RBAget pared back, and that obviously helps support the Aussie,”said Commonwealth Bank of Australia’s Dragicevich. The GDP datashowed “the previous quarter was revised higher, and the annualrate was lifted, so that’s a good outcome.”

The so-called Aussie rose 0.2 percent to $1.0281 afteradvancing 0.6 percent yesterday.