Dollar About 0.2% From Six-Week Low Before Yellen; Aussie Falls
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The dollar was about 0.2 percent from a six-week low versus the euro before Federal Reserve Chair Janet Yellen speaks today, while Australia’s currency tumbled after the trade deficit widened more than economists forecast.
The greenback held a five-day decline against an index of major peers after a report yesterday showed a gauge of U.S. manufacturing rose less than analysts projected. New Zealand’s dollar retreated from a near a three-year high after milk powder prices declined at an auction. The European Central Bank sets policy tomorrow as expectations for currency swings reached a record low.