Dec. 18 (Bloomberg) -- The dollar extended its biggest weekly rally versus the euro since January, limiting gains in commodities and U.S. equities, as traders abandoned bearish bets on the U.S. currency. Treasury 10-year notes fell.
The Dollar Index climbed for a fourth day as the U.S. currency strengthened against all 16 of its most-traded peers. Crude rose 1.2 percent after Iranian forces entered Iraq and occupied an oil well. Most U.S. stocks rose as better-than- estimated profit at Oracle Corp. and forecasts from Research In Motion Ltd. offset declines in consumer companies.
The dollar breached $1.43 against the euro for the first time in three months as the European Central Bank raised its estimate for writedowns in the nations that use the single currency by 13 percent.
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