(Bloomberg) -- The dollar snapped six weeks of declines against the euro, the longest losing streak in more than six years, as the Federal Reserve signaled it’s moving toward raising interest rates.

The Bloomberg Dollar Spot Index rose for the first week this month after the Fed shifted to more qualitative guidance and policy makers increased forecasts for borrowing-cost levels. The ruble fell for a fifth week as the U.S. and European Union imposed sanctions on Russia in the standoff over Ukraine’s Crimea region. The U.S. economy grew faster in the fourth quarter than previously estimated, data next week may show.

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