The yen fell to a two-week low against the dollar as gains in global stocks cut demand for haven assets.

The Bloomberg Dollar Spot Index reached a five-year high before data forecast to show the U.S. economy grew more than initially estimated in the third quarter. The euro was 0.1 percent from the lowest in more than two years amid speculation the European Central Bank will add stimulus next year. The Australian dollar slid as commodity prices declined.

The yen fell 0.1 percent to 120.17 per dollar as of 8:52 a.m. in Tokyo from yesterday, after depreciating to 120.18, the weakest level since Dec. 9. Japans currency bought 146.87 per euro from 146.82. The 18-member euro was little changed at $1.2222 from yesterday, when it reached $1.2217, the lowest since August 2012.

Australias dollar declined 0.2 percent to 81.21 U.S. cents. The Aussie will slide to the low 70s in 2015, according to CBAs Capurso.

The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 major counterparts, added 0.1 percent to 1,128.46, set for the highest closing level since March 2009.

Source : Bloomberg