Dollar Holds Longest Losing Streak Since September on Durables

The dollar held its longest losing streak in four months against the euro after a report showed U.S. durable goods orders slumped in December, adding to evidence of cooling economic growth.

The currency fell against most of its major peers Thursday after the larger-than-forecast decline in durable goods sales fanned concern that the U.S. economy is slowing amid global financial-market turmoil. The report precedes data on U.S. growth Friday that will be watched with Federal Reserve policy makers linking the pace of interest-rate increases to how the U.S. economy performs. The yen was near a three-week low before the Bank of Japan sets monetary policy Friday.