Dollar’s Trade-Weighted Index Falls to Record Before Fed

The Federal Reserve’s trade-weighted dollar index fell to a record last week on speculation the central bank will discuss ways to keep yields low.

The U.S. Trade Weighted Major Currency Index, measuring the dollar’s performance versus seven currencies, dropped for a sixth week before an industry report that may show U.S. home prices slid for a fifth month. Fed policy makers, who begin a two-day meeting today, may consider measures to support the economy as the end of its $600 billion asset-purchase program approaches in June.