Dollar Falls as Weak Data Taint Fed Message on Economic Health

  • Services PMI index falls short of forecasts in the U.S.
  • Fed's Lacker says he sees no evidence of looming recession

What's Going On in the Currency Markets?

The dollar fell for a second day versus the yen as a report on the services industry cast a shadow over Federal Reserve reassurances about the resilience of the U.S. economy.

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