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 fell against major currencies after a key survey of US manufacturing activity came in below expectations and renewed concerns about the US economy.
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The dollar dipped against most major currencies on Wednesday after mixed data on U.S. durable goods orders and weaker-than-expected new home sales did little to brighten the U.S. economic outlook.
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The dollar slipped against the euro  and the yen early in New York on Tuesday immediately after the  release of data showing the U.S. current account deficit  ballooned to a new record of $166.18 billion in the second  quarter.
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The dollar softened as traders looked past better-than-expected US retail sales and focused on the likelihood that Tuesday's trade figures will show a record deficit.
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The dollar falls below the $1.35 level to a new record low against the euro as data fuels new concerns about the US economy.
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The dollar slipped slightly against the pound after a series of disappointing US durable goods numbers.
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The US dollar sank to an all-time low against the euro yesterday amid concerns over the US trade and budget deficits and worse-than-expected US employment data.
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The dollar weakened on Friday after top  U.S. Federal Reserve officials sounded cautious on credit  tightening, fueling jitters in the market ahead of U.S.  employment figures due later in the day.
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The US dollar slips to new record lows against the euro after the Federal Reserve's hefty US interest rate cut.
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The dollar was on the back foot against the euro Tuesday as concerns intensified that the US Federal Reserve's aggressive monetary easing will not be able to stave off a severe economic downturn, dealers said.
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The dollar fell to a seven-month low versus the yen and hovered just above a record low against the euro Monday as it resumed its slide amid concerns about the US ability to fund its current account gap.
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The dollar dropped against most major  currencies on Friday, as analysts raised concerns about the  U.S. trade deficit number for July, which came in narrower than  expected, but was still fairly sizable.
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The dollar dropped against the yen on  Friday, as the market ignored a mostly positive report on  October U.S. retail sales and remained focused on the record  U.S. current account deficit.
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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 was on the defensive on  Tuesday as data showing the U.S. current account deficit  ballooned to a new record in the second quarter put further  downward pressure on the U.S. currency.
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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.