Forex US dollar deepens losses vs euro, falls 2 percent
NEW YORK, Sept 22 (Reuters) – The U.S. dollar extended losses on Monday, falling 2 percent against the euro to a fresh three-week low, weighed down by worries about the fiscal impact of the U.S. government’s $700-billion bailout plan aimed at addressing the global credit crisis.
The euro rose as high as $1.4775 versus the dollar, the highest since late August, according to Reuters Dealing, and down 2.1 percent on the day. That was the largest one-day rise since January 2001.
Also accelerating the euro’s rise were stops taken out above $1.4728, traders said.
FOREX-US dollar trims rise vs yen as stocks clip gains
The U.S. dollar trimmed gains against the yen on Thursday, after Wall Street shares surrendered some of their gains led by financial stocks.
The dollar cut gains to 104.78, coming off session peaks at 105.57 yen . The euro has also come off about 200 points from its highs of the session. It last traded at $1.4377 , still up though by half a percent from late on Wednesday.
Shares of Morgan Stanley tumbled on Thursday, dragging overall U.S. equities lower and weighing on the dollar.
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