Dollar up for 2nd day after 10-month low

London

THE US dollar climbed for a second successive day on Thursday after falling to a 10-month low earlier this week as some investors pared bearish bets before a European Central Bank meeting that may signal a policy shift later this year.

The dollar's gain was more striking against the relatively higher yielding currencies such as the Australian dollar and the kiwi against which it has suffered heavy losses in recent weeks as investors added carry trade bets.