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Sorry meant to post headline: Dollar Falls on Speculation U.S. Durable Goods Orders Stalled Last Month
Dollar Falls on Speculation Reports to Show Flagging Spending
By Stanley White
Aug. 27 (Bloomberg) -- The dollar fell from a six-month high against the euro on speculation weakening business and consumer spending will discourage the Federal Reserve from raising interest rates.
The greenback retreated from a two-year high against the British pound as economists forecast U.S. data this week will show declines in durable goods orders and consumption. The Australian dollar rebounded from an 11-month low as rising Asian stocks gave investors confidence to buy higher-yielding assets in a nation profiting from commodity exports to China and India.
``The numbers coming up are a reason to push the dollar lower,'' said Toru Tokoyoda, head of foreign exchange sales in Tokyo at Lehman Brothers Holdings Inc. ``There are doubts about the U.S. economy.''Ignored
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