US dollar falls for 2 weeks in a row

New York

THE dollar dropped for a second week as data on the world's largest economy persistently trailed forecasts, raising questions about whether the Federal Reserve will have scope to raise interest rates this year.

The greenback fell against most of its major peers as orders of durable goods, manufacturing, and new home sales all came in weaker than projected. Fed officials will decide on monetary policy on April 29, the same day a report is projected to show first quarter economic growth slowed.