Dollar Pulls Back as Anthrax Scare Forces Congress to Adjourn

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The dollar was initially stronger in Wednesday trading, but the greenback fell from the highest level of the week against the euro following news that the U.S. Congress will adjourn for a few days because of an anthrax scare.

The U.S. currency recently traded at 90.81 cents per euro, down slightly from 90.84 late Tuesday. Earlier, the dollar traded as high as 90.15 cents. The dollar weakened to 120.98 yen from 121.23 in the prior session.

Members of Congress will adjourn at the end of today's session until next Tuesday following news that 20 workers in Sen. Tom Daschle's office tested positive for exposure to anthrax.

The British pound strenghthend against the dollar after encouraging unemployment and wage data came out of the U.K.