The U.S. dollar sank to a new all-time low against the euro Tuesday. The euro rose to a new high of $1.3470 in European trading amid concerns over the U.S. trade and budget deficits and worse-than-expected U.S. employment data. The old record was $1.3460 set Friday. The euro, shared by 12 European countries, has shot up from about $1.20 since September.
The renewed slide of the dollar Tuesday started in Asia, where it was trading at 102.76 yen at the end of the day, up 0.39 yen from late Monday in Tokyo, but below its high of 103.39 yen Monday in New York.
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