Dollar Drops Against Euro

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The dollar fell against the euro as concern grew that the greenback could be overpriced against its world counterparts if more bad economic news arises in the U.S.

The dollar weakened to 88.06 cents per euro, down from 87.80 Friday. The U.S. currency bought 124.20 yen. The pound traded at $1.4129. The euro fetched 109.40 yen.