Sept. 6 (Bloomberg) -- The dollar fell against higher- yielding currencies as stocks advanced on signs the global economic recovery remains in place, sapping demand for the greenback as a haven. The South Korean won and the New Zealand dollar were the biggest gainers among the 16 most-traded currencies after the MSCI Asia Pacific Index of shares climbed the most in more than six weeks. U.S. companies added more jobs than forecast in August, according to a Sept. 3 report. U.K. factory production grew at a record pace in the third quarter on surging export demand, the Engineering Employers Federation said today. “Last week’s data created a bit of a warm glow around prospects for the global economy, and that’s giving a boost to currencies where they are tightening monetary policy,” said Paul Robson, a senior foreign-exchange strategist at Royal Bank of Scotland Group Plc in London. “The dollar is being used as a funding currency.” The dollar was 0.4 percent weaker at 72.33 cents per New Zealand dollar and 1170.45 Korean won. The greenback was little changed at $1.2885 per euro from $1.2896 at the end of last week and 84.19 yen from 84.31 yen. --Editors: Keith Campbell, David Clarke. To contact the reporters on this story: Matthew Brown in London at mbrown42@bloomberg.net To contact the editor responsible for this story: Keith Jenkins in London at Kjenkins3@bloomberg.net

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