Dollar Drops Most Against Euro in More Than Month as Core Inflation Eases

(Bloomberg) -- The dollar fell the most against the
euro in more than a month on reports showing a measure of
consumer inflation rose less than economists forecast and
industrial production stalled last month.

The yield advantage of benchmark Treasuries over comparable
German bunds narrowed, reducing the appeal of dollar-denominated
assets. The yen weakened to an all-time low against the euro as
Bank of Japan Governor Toshihiko Fukui said the central bank
needed to be ``more confident'' about price increases before
raising rates.


Read more at Bloomberg Currencies News