WSJ: WORLD FOREX: Tumbling Dollar Helps Euro, Yen, Pound Higher
LONDON (Dow Jones)--Fears of further monetary easing in the U.S. combined with indications that Japan might not want to intervene sent the dollar reeling Tuesday.
The euro rallied through $1.32, taking it to a new three-month high, while the dollar sank under Y86 for the first time since November last year.
The pound was also boosted, helping the U.K. currency to flirt with $1.60, a level it last attained in February.
The selloff in the dollar gained momentum overnight as financial markets reacted to an article in the Wall Street Journal claiming that the U.S. Federal Reserve is considering a ...
