The dollar fell the most in nearly five months after a report showed retail sales dropped more than forecast, casting doubt on the pace of U.S. growth, which has been one of the few bright spots in the global economy.
The Federal Reserve is considering when to raise interest rates amid a wave of global easing that™s seen more than 10 central banks add stimulus this year in an attempt to bolster growth. Sweden™s central bank became the latest to ease, sending the krona to its weakest since April 2009.
The Bloomberg Dollar Spot Index slipped 1 percent to 1,163.11 as of 5 p.m. in New York, the biggest loss since Sept. 18. The measure, based on data back to 2004, closed at an all-time high Wednesday.
The greenback slipped 1.1 percent to 119.11 yen and 0.6 percent to $1.1403 per euro. The yen rallied after reports that Bank of Japan policy makers deem further easing counterproductive.
Source : Bloomberg