Economics
Dollar Poised to Decline Amid Worst Data Misses in Six Years
Is the Dollar Bull Run Starting to Turn?
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The dollar is set to extend this week’s declines amid signs the world’s biggest economy is slowing.
U.S. economic indicators are undershooting economists’ estimates by the most in six years, according to the Bloomberg Economic Surprise Index. The latest miss: a surprise drop in durable goods orders Wednesday that has sent the U.S. currency lower against major peers for two straight days.