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November 28, 2006

Today's Dollar-Falling Post - New 20-Month Low

-- by Dave Johnson

Dollar hits fresh 20-month euro low after mixed U.S. data,

The dollar tumbled to a fresh 20-month low against the euro Tuesday after a government report showed demand for U.S.-made durable goods declined much more than forecast last month.
But the U.S. currency edged slightly higher versus the yen after data showed an unexpected increase in sales of existing U.S. homes in October and a solid reading from the Richmond Fed's manufacturing index.
Analysts say sentiment toward the dollar remains negative.

Posted by Dave Johnson at November 28, 2006 3:49 PM

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