The dollar headed for a sixth weekly gain as traders bet the U.S. economic recovery will outpace the performance of Europe and Japan.

The euro held its first decline in four days before data today forecast to show the regions inflation matched the slowest pace since 2009, adding pressure on the European Central Bank to increase stimulus. The yen weakened after a report showed Japans household spending declined for a seventh month. The Aussie fell, while the Norwegian krone and Canadian dollar extended losses after OPEC members left their output target unchanged.

The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 major counterparts, rose 0.2 percent to 1,101.96 as of 9:19 a.m. in Tokyo, on track for its highest close since March 2009. It has gained 0.2 percent this week.

The dollar advanced 0.3 percent to 118.10 yen. It added 0.1 percent to $1.2455 per euro. The yen slipped 0.2 percent to 147.09 per euro.

Australias dollar slid 0.4 percent to 85.12 U.S. cents. The krone weakened 0.4 percent to 6.9550 per dollar, after tumbling 1.4 percent yesterday. Canadas loonie fell 0.2 percent to C$1.1348 per U.S. dollar, adding to yesterdays 0.7 percent drop.

Source: Bloomberg