The dollar fell the most against the euro in almost two weeks on speculation the Federal Reserve will cut the target lending rate by as much as a half-percentage point next month to revive economic growth.

The U.S. currency weakened against the Australian and New Zealand dollars as a rally in European and Asian stocks encouraged investors to buy higher-yielding assets. Confidence among U.S. consumers probably fell to a five-year low in March as more Americans lost their jobs and gasoline prices climbed, economists said before a report today.

(Bloomberg)