THE dollar gained for a fourth week in five against the euro, reaching the strongest since May 2004, on signs of strength in US manufacturing and higher consumer confidence.

THE dollar had its biggest annual decline versus the euro on low US interest rates relative to Europe, and on signs officials on either side of the Atlantic aren’t concerned about the decline in the US currency.

THE dollar fell past $1.26 against the euro for the first time, heading for its biggest annual drop on low US interest rates relative to Europe.

THE dollar extended its losses on Tuesday, hitting a three-year low against the yen as markets mulled over a new theory Japan would refrain from selling its currency to bolster its exports.

THE dollar rose to a seven-day high against the euro in New York trading as signs the world’s biggest economy is strengthening lured investors to US assets such as stocks and corporate bonds.