Dollar Bulls Ignore Signs of Slowing U.S. Economic Growth: Chart

Source: Bloomberg; Citigroup Inc.

There’s a growing disconnect between reports about the state of the U.S. economy and currency traders’ perception of it. The Bloomberg Dollar Spot Index, which tracks the greenback versus 10 peers, rose the most in three weeks on Friday, even as growth slowed for a second straight quarter. Releases on durable goods, pending home sales and a purchasing managers index trailed estimates this week.

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