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 today.

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. Norways krone dropped on higher-than-forecast unemployment. Brazils real gained against all 16 of its major peers for a second day.

The Bloomberg Dollar Spot Index, which tracks the currency against 10 major counterparts, fell 0.1 percent to 1,061.97 at 9:56 a.m. New York time, after touching 1,061.96, the lowest level since Oct. 21. The losing skein is the longest since a five-day slump ended July 1.

The dollar was at $1.2743 per euro after declining 0.7 percent in the previous three days. It was little changed at 108.14 yen. Japans currency traded at 137.80 per euro after reaching 137.82, the weakest since Oct. 9.

Source : Bloomberg