The dollar fell further on currency markets yesterday as weak US economic data heightened investor fears that the country’s economy could be heading for a hard landing.
The US currency fell as much as 0.8% to a new 20-month low of $1.3348 against the euro and 1% to $1.9847 against the pound, a new 14-year low.
References: Financial Times 02/12/06 page 1, Daily Telegraph 02/12/06 page 29, The Times Business 02/12/06 page 61
