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Dollar falls to 8-month low vs yen on U.S. data
NEW YORK, July 30 (Reuters) - The dollar hit its lowest since November against the Japanese yen on Friday as data showed growth in the world's largest economy is slowing, reinforcing expectations for low U.S. interest rates into 2011. Dollar bears sold the U.S. currency against the yen after the government said in its first estimate that U.S. gross domestic product expanded at a 2.4 percent annual rate in the second quarter after an upwardly revised 3.7 percent pace in the January-March quarter. Full Story
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Submitted Jul 30, 2010 6:23pm
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