The dollar extended a weekly decline as measures of business conditions and industrial production dropped, adding to bets the Federal Reserve won’t stop its monthly asset purchases anytime soon.
The euro touched the lowest level against the dollar in more than a month after the European Central Bank said financial institutions will repay less of its three-year loans next week than economists forecast.
The yen slipped to the weakest level in almost two months versus the dollaron speculation that the Bank of Japan will boost stimulus measures sapped demand for the nation’s assets as a haven.
The dollar fell against all of its 16 most-traded counterparts before the Federal Reserve starts a two-day meeting tomorrow amid speculation it will buy bonds to boost the economy.
