Dollar Falls as Concerns Grow About Economy

By JEREMY W. PETERS and CARTER DOUGHERTY

Published: November 24, 2006

The dollar dropped sharply against a broad range of major currencies today, and the euro broke through the $1.30 mark for the first time in a year and a half, highlighting concern about the strength of the American economy.

The dollar’s losses came during a thin trading day in which the British pound rose to its strongest value against the dollar in two years. The Japanese yen and the Swiss franc also gained at the dollar’s expense.