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Dollar Declines for Fifth Week on Outlook for More Fed Easing

The dollar fell for a fifth week against the euro, matching a losing streak that ended in December 2008, as traders speculated the Federal Reserve will further ease monetary policy, debasing the greenback.

The U.S. currency dropped this week to a 15-year low against the yen and fell to parity with the Australian and Canadian dollars before next week’s Fed report on regional economies. Asian currencies rallied against the dollar as Singapore sought faster currency appreciation, pulling back from efforts to stem gains.