Tuesday, August 3, 2010

Dollar Lead to Slaughter

NEW YORK—The dollar weakened against the euro and yen after disappointing U.S. economic data fed into talk the Federal Reserve could consider pumping additional money into a U.S. economy that investors worry is slowing.
Worse-than-expected U.S. factory orders and an unexpected decline in pending home sales, along with flat readings for consumer spending and personal income, pushed the dollar lower against the yen and euro.