The Dollar Index halted a five-day advance and Treasuries rose as reports showed U.S. housing starts dropped more than forecast and jobless claims jumped. U.S. benchmark stock indexes fluctuated near records, gold futures extended the longest slump since 2011.
The dollar fell from an almost four- year high versus the yen after weaker-than-forecast reports on U.S. unemployment claims, housing and inflation damped bets the Federal Reserve will slow its bond purchases.
More Americans than projected filed claims for jobless benefits last week and manufacturing in the Philadelphia region unexpectedly shrank in May, signs the slowdown in growth is rippling through the U.S. economy.
President Barack Obama forced out the head of the Internal Revenue Service over the agency’s selective screening of nonprofit groups, as the administration sought to contain scandals imperiling its second-term agenda.