Richard Leong
May 15, 2014

The dollar fell on Thursday with declining U.S. yields on some downbeat economic news, while the euro tumbled to 11-week lows against the yen and greenback.

Credit: miran / Flickr
Credit: miran / Flickr

The fall in the euro was due to muted euro zone growth and inflation data that supported bets the European Central Bank will ease monetary policy at its meeting in June.

Benchmark Treasuries yields fell below 2.50 percent to their lowest levels since October in the wake of news that U.S. factory output fell at its steepest rate in over 1-1/2 years in April and a surprise drop in a gauge of U.S. home builder sentiment. These reports overshadowed encouraging data on regional factory and jobless claims.

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