The dollar fell against the euro and yen on Friday after a new survey showed American consumer confidence fell sharply while manufacturing in the New York region tumbled, leading to more worries about a possible recession.
The U.S. dollar fell to $1.4678 per euro at 2:51 p.m. in New York, from $1.4643 late yesterday. The dollar also dropped to 107.64 yen, from 107.87.
U.S. consumer confidence fell to its lowest level since 1992, according to new data from the Reuters/University of Michigan index of consumer sentiment. The index fell to 69.6 in February from 78.4 in January.
Meanwhile, the New York Federal Reserve reported that manufacturing in its region fell unexpectedly for the first time in nearly three years.
Adding to the gloom, yesterday Federal Reserve Chairman Ben Bernanke signaled that the Fed will pusue we