Dollar Takes Another Fall

The dollar continued its slide against the major currencies Thursday after comments from Federal Reserve Chairman Ben Bernanke sparked worries of stagflation.

Euros were selling for $1.4692, up from $1.4635 late Wednesday. British pounds were buying $2.1101, up from $2.1014 at the end of the last session. Dollars were buying 112.59 Japanese yen, down from 112.78 yen previously.

"The Fed is still concerned about headline inflation, but at the same time they think the risks are pointing toward lower growth," says Ron Simpson, managing director of currency analysis at Tampa-based Action Economics. ...