Economics
Dollar's Woes Deepen With Longest Losing Streak Since April 2011
- Greenback falls to lowest since January 2015 as euro rallies
- Aussie, kiwi jump as investors seek higher-yielding assets
U.S. Dollar Held Losses As Investors Brace for Irma
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The dollar dropped for a seventh day, set for its longest losing streak since 2011, amid doubts about further Federal Reserve tightening and ongoing tensions with North Korea.
The Bloomberg Dollar Spot Index slid to the lowest since January 2015 as traders braced for Hurricane Irma, which is threatening South Florida with catastrophic winds. The Treasury 10-year yield has tumbled 13 basis points this week, sapping demand for the greenback. Australia’s dollar climbed to the strongest in two years, while New Zealand’s currency jumped as much as 1.1 percent as traders were said to cut short positions.