Bloomberg (18/10) --- The dollar was set for a weekly drop versus its
16 major counterparts as Federal Reserve officials signal a delay in
stimulus reduction before reports next week that may show U.S. home
sales and confidence declined.The Bloomberg U.S. Dollar
Index remained lower following a close yesterday that was the least in
eight months, after a deal by Congress to extend funding and debt-limit
deadlines into next year reopened the government and buoyed
higher-yielding assets. Australia’s currency headed for a weekly advance
before a report today that may show growth in China, the nation’s
biggest trading partner, accelerated last quarter to the fastest pace
since December 2012.The dollar added 0.1 percent to $1.3664 per euro as of 10:16 a.m. in Tokyo
after sliding yesterday to $1.3682, the weakest since Feb. 1. It has
declined 0.9 percent since Oct. 11. The greenback rose 0.2 percent to
98.09 yen after falling as much as 1 percent to 97.74 yen yesterday, the
lowest since Oct. 10. It’s down 0.5 percent versus its Japanese peer
this week.Europe’s shared
currency rose 0.1 percent to 134.01 yen after earlier reaching 134.10,
the strongest since Sept. 23, and is up 0.4 percent this week.
