EURO VS. DOLLAR

Bloomberg: Dollar Drops Further Against Euro

Bloomberg) -- The dollar had its biggest decline against the euro in a week on concern the U.S. won't attract enough capital to narrow its record current account deficit, even as the economy expands at the fastest pace since 1984.

The dollar failed to rally after government and industry reports showed durable goods orders in the U.S. rose, jobless claims fell and an index of Chicago-area factory activity rose to the highest in almost nine years. In contrast to the U.S., the euro region's current account surplus widened in September, the European Central Bank said today.

"Traders don't feel comfortable sleeping at night with a big long dollar position,'' said Shahab Jalinoos, a currency strategist at ABN Amro Holding NV in London.

In New York trading, the dollar fell to $1.1935 per euro at 1:52 p.m. from $1.l792 late yesterday. The dollar is down 14 percent versus the euro this year and today dropped against all but three of 16 major currencies tracked by Bloomberg News.