Bloomberg News

Dollar Falls as High Jobless Rate May Keep Fed From Tightening

July 05, 2011

July 6 (Bloomberg) -- The dollar fell versus the euro and yen on concern the U.S. jobless rate will remain at a level that deters the Federal Reserve from raising interest rates.

The greenback fell to $1.4457 per euro as of 11:29 a.m. in Tokyo from $1.4429 in New York yesterday. It weakened to 80.85 yen from 81.07 yen.

To contact the reporter on this story: Yoshiaki Nohara in Tokyo at ynohara1@bloomberg.net

To contact the editor responsible for this story: Jonathan Annells at jannells@bloomberg.net


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