June 12 (Bloomberg) -- The dollar advanced against the euro and the yen before a Group of Eight meeting of finance ministers at which Treasury Secretary Timothy Geithner may say the U.S. favors a strong dollar. The U.S. currency pared a weekly decline after the Wall Street Journal reported the Federal Reserve will resist pressure to increase bond purchases, avoiding adding to the supply of dollars. The pound declined against the euro, eroding the biggest weekly gain since the five days ending Jan. 30 as bank stocks fell for the first time in three days. “There might be some comments about the dollar from Geithner and on the strength of the euro from European officials, that it’s not a great development for Europe,” said Henrik Gullberg, a foreign-exchange strategist at Deutsche Bank AG in London. “There’s also a bit of profit taking as the market isn’t willing to push euro-dollar much above current levels.” The dollar strengthened to $1.4075 per euro as of 9:19 a.m. in London from $1.4108 yesterday in New York. It rose to 97.97 yen from 97.63. The euro was little changed at 137.88 yen from 137.74 yen.

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