Investor's Business Daily - The dollar sank to 3-month lows overnight vs. major currencies on concerns that the growing crisis in the U.S. subprime mortgage industry could spread and hit economic growth. The greenback pared losses on the stronger U.S. industry and inflation data, but still declined. The euro rose 0.74 cent to $1.3315. The dollar fell 0.83 yen to 116.74 yen.
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