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Dollar Falls As Investors Await Trade Deficit News

MARKETSCOPE : The dollar was falling early Wednesday, as investors waited for reports of the trade deficit.

The dollar index was off 0.54 to 89.84. Experts bet that the U.S. government would report a $63.00 billion October International Trade deficit, better than the $66.1 billion in September.

The dollar was down at 118.64 yen, even though the Bank of Japan's Tankan survey was weaker than expected and the Tokyo stock market plunged 2%.

The euro was up at $1.2011. The sterling was up at $1.7710 even though U.K. jobless claims rose.

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