FOREX-Dollar extends losses on Fed growth cut

Wed May 21, 2008 2:36pm EDT
 
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NEW YORK, May 21 (Reuters) - The dollar fell to a one-month low against the euro on Wednesday and touched a one-week trough versus the yen after the Federal Reserve lowered its growth estimates for 2008.

The euro rose to $1.5781 EUR= before retreating back to $1.5772. The dollar was down 0.4 percent at 103.12 yen JPY= after going as low as 103.07 yen. (Reporting by Lucia Mutikani; Editing by Leslie Adler)

 
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