The dollar dropped the most in more than three weeks on concern the U.S. economy, one of the strongest among developed countries, has lost traction this year.
The greenback fell against all of its major peers as reports on housing starts and jobless claims were weaker than projected, adding to below-forecast readings for American factories, payrolls and retail sales. The dollar’s decline was the most pronounced against so-called commodity currencies, including the Swedish krona and Australia’s dollar.
The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 major peers, fell 0.8 percent to 1,184.93 at 3:22 p.m. New York time. The decline was the largest on a closing basis since March 23. The index is up 4.8 percent this year, after gaining 11 percent in 2014.