Euro tops $1.40; U.S. data feeds into Fed easing speculation
By Deborah Levine and William L. Watts, MarketWatch
NEW YORK (MarketWatch) — The dollar declined against major currencies on Thursday as a trio of economic reports from the U.S. and data out of Europe added to expectations that the Federal Reserve has enough reasons to ease monetary policy by buying bonds.
The greenback had been higher in Asian trading hours following remarks by Treasury Secretary Timothy Geithner, but it fell after European economic data gave support to the euro.
