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Dollar Falls on Yellen Rates Pledge Amid Mixed Economy

The dollar extended its streak of declines to the longest since April before reports this week forecast to show orders for durable goods declined and a smaller gain in new home sales in the world’s largest economy.

The U.S. currency slipped against all except one of its 16 major peers after Federal Reserve Chair Janet Yellen last week said the central bank remains committed to low interest rates for a “considerable time.” Australia’s dollar jumped while New Zealand’s currency reached a six-week high after a report showed manufacturing in China improved more in June than analysts expected. The Canadian dollar gained.