The dollar fell against most of its major peers as stock markets climbed, reducing demand for the greenback and the yen as havens before a report economists said will show U.S. consumer confidence rose. Europe’s common currency gained for the second day out of three against the dollar. The Stoxx Europe 600 Index gained 1 percent, after falling by 0.5 percent yesterday. The Swedish krona climbed against all its 16 major counterparts, extending gains that pushed it yesterday to the strongest level in more than a week against the dollar. The euro gained 0.4 percent against the dollar to $1.3102 as of 8:28 a.m. London time. It fell to $1.2946 on Dec. 14, the weakest level since Jan. 11. The 17-nation euro bought 102.23 yen from 101.86 yesterday. The dollar was little changed at 78.05 yen. Sweden’s krona gained 0.6 percent to 6.8545 per dollar, after gaining as much as 1.2 percent yesterday to 6.7846, the strongest level since Dec. 12. The Thomson Reuters/University of Michigan final index of consumer sentiment rose to 68 this month, the highest since June, from 64.1 in November, according to the median estimate of 64 economists surveyed by Bloomberg News. Consumer spending grew 0.3 percent in November after increasing 0.1 percent the previous month, according to a separate survey before Commerce Department figures due tomorrow. To contact the reporter on this story: Lukanyo Mnyanda in Edinburgh at lmnyanda@bloomberg.net To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net V

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