Dollar dips on US current account concerns
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The dollar dipped amid concerns about the US position with the rest of the world following data showing a record current account deficit in the second quarter.
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The dollar continues to fall against other leading currencies amid fears over threats to the US economy.
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The dollar weakened on Wednesday on  dealers' renewed concern about the ability of the United States  to finance its trade and current account deficits, causing a  recent rebound in the currency to fizzle out.
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The dollar sinks to 19-month lows of $1.30 against the euro amid concerns for the health of the US economy.
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The dollar edged lower on Tuesday as  traders bunkered down ahead of a U.S. interest rate decision  and, later in the week, current account data that could  underscore bearish sentiment on the currency.
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The dollar sank on Friday as  persistent concerns over the U.S. economy and comments  throughout the week from European Central Bank and Federal  Reserve officials afforded the currency no respite.
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LONDON, Nov 17: The dollar sank to a new all-time nadir against the euro and to a seven-month trough below 105 yen Wednesday as markets remained concerned by the large US current account and budget deficits, reports Reuters.
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The dollar slipped on Tuesday, pushed  down by a report showing the U.S. current account deficit  ballooned to a new record in the second quarter.
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The dollar was feeling the heat on  Thursday as concerns about the U.S. trade and current account  deficits hardened the market's view that the currency's  downward spiral would continue.
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The widening US current account deficit will require a decline in the value of the dollar, a top Federal Reserve official said on Thursday.
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The US dollar fell against the euro Wednesday amid persistent concerns over the US trade and budget deficits, despite a pledge from President Bush to work with Congress to reduce the huge twin deficits.
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The dollar edged down on Friday after soft US manufacturing data fueled the view that the Federal Reserve may slow or even temporarily halt its tightening campaign.
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The dollar lost ground against the euro and the yen on Monday after a brief rebound last week, as investors grew cautious ahead of US data on trade, the current account deficit and investment flows later in the week.
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The US dollar slips to new record lows against the euro as investors bet interest rates will be cut next week.
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The dollar fell two thirds of a percent  against the yen to within sight of seven-month lows and edged  toward recent record lows against the euro on Friday as worries  persisted about the U.S. current account deficit.
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The dollar fell to a fresh four-week low  versus the euro on Monday after a widening of the U.S. trade  gap to record levels raised worries about capital inflows in  the United States and a possible slowdown in the economy.
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The dollar slid to a new record low  against the euro on Friday amid disappointing U.S. jobs data  and a perception that the United States was in no hurry to stem  the dollar's fall.