The dollar extended its streak of declines to the longest since April as economists forecast reports this week will show slowing factory output and a smaller gain in new home sales in the world’s largest economy.
U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding following its longest losing streak of the year, and commodities advanced after jobless claims unexpectedly decreased. Treasuries fell.
Most U.S. stocks rose as a jump in housing starts to a four-year high overshadowed earnings that disappointed investors at two of the largest technology companies. Treasuries fell, while the euro climbed with Spanish and Italian bonds.
Gasoline fell after the Kyodo News service reported that the U.S. called for a release of strategic oil reserves amid rising U.S. crude supplies and concern the European debt crisis will reduce fuel demand.