Dollar Declines as Post-Fed Adjustment Continues for Traders

The dollar declined as unexpectedly weak economic data has investors adjusting their outlook in the wake of last week’s Federal Reserve meeting.

Orders for durable goods dropped in February, extending the greenback’s losses after it slid the most in more than three years last week as the Federal Open Market Committee cut projections for future rates, inflation and growth. A gauge of expected currency swings has jumped during the past month.