Dollar Drops Versus Major Trade Partners on Outlook for Economy
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The dollar fell for a second week against its major trading partners as reports showing growth cooled in the U.S. fueled speculation the recovery of the world’s biggest economy may be stagnating.
New Zealand’s currency approached a record high after China Investment Corp. said it will buy the nation’s bonds. The Swiss franc rose to its strongest against the euro and the dollar as speculation increased Greece may need to restructure its debt, increasing demand for safety. U.S. employment growth slowed this month, a report next week is forecast to show.