LATEST NEWS : Dollar in Longest Slump in 4 Months Before Fed Decision

The dollar fell for a fourth day, the longest skid since July, as signs of an uneven U.S. economic recovery pushed back bets for interest-rate increases next year before the Federal Reserve sets monetary policy.

The U.S. currency touched a one-week low versus a basket of peers amid data yesterday that showed orders for durable goods unexpectedly fell. The Fed completes a two-day meeting after it said in September it would end quantitative easing this month if the economy keeps improving. Norway’s krone dropped on higher-than-forecast unemployment. Brazil’s real gained against all 16 of its major peers for a second day.

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