Photographer: Scott Eells/Bloomberg

Dollar Drops Most in Five Weeks on ‘Shockingly Weak’ Services

  • Odds of Fed interest-rate increase slump after ISM report
  • Aussie, rand rally as investors seek high-yielding currencies

A gauge of the dollar dropped by the most in five weeks after a report showed America’s service industries expanded in August at the weakest pace in six years, damping the outlook for higher U.S. interest rates.

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