Dollar Index Falls for Ninth Straight Week, Longest Since 2004
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The Dollar Index dropped for a ninth week, the longest losing streak in more than five years, as economic data signaled the U.S. recovery is stalling and added to concern the world’s biggest economy may need more stimulus.
The greenback fell to an eight-month low versus the yen and the weakest level since May against the euro as reports showed the U.S. lost more jobs last month than forecast and American factory orders and existing-home sales slid in June. Federal Reserve officials meet next week on interest rates and policy.