Financial Times FT.com

Dollar slips on gloomy US data

By Neil Dennis in London and Anuj Gangahar in New York

Published: December 24 2008 10:33 | Last updated: December 24 2008 10:33

The dollar fell against the yen but held steady versus the euro on Wednesday as new data on spending, unemployment, and durable goods reinforced the gloomy outlook for the US economy.

Data on durable goods orders and inflation are due for release at 1330 GMT, but by that time, there will be few traders outside of the US left at their desks as offices close early for the Christmas holiday.

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