Tuesday, May 1, 2012

Reuters: US Dollar Report: Dollar falls to more than 2-mth low versus yen

Reuters: US Dollar Report
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Dollar falls to more than 2-mth low versus yen
May 1st 2012, 07:21

LONDON | Tue May 1, 2012 3:21am EDT

LONDON May 1 (Reuters) - The dollar fell to its lowest level in more than two months against the yen on Tuesday, extending losses from the previous day when weaker-than-expected U.S. data knocked demand for the greenback.

The dollar fell to a low of 79.64 yen on trading platform EBS, its lowest level since Feb. 21. Traders reported supporting bids around 79.50-55 yen that were likely to slow further dollar losses.

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