The U.S. dollar kept under pressure overnight, slumping to another two-month low against the euro and a basket of six major currencies as the bulk of U.S. data this week backed growing views of a cooler pace of recovery. The greenback also extended its slide against the yen, falling to its lowest level since early December.Despite its overall heavier tone, the dollar managed to firm off yesterday's 2-1/2-month low against sterling. The single currency's rise to a 1-1/2-month high against the U.K. currency helped the dollar's rebound against the pound. Worries about the U.S. growth outlook largely hurt the growth-sensitive currencies of Australia, Canada and New Zealand. The Canadian dollar fell to its lowest in a week against the dollar as U.S. economic weakness somewhat clouded the outlook for the Canadian economy, which sends about 75% of its exports to its U.S. neighbor. Still, the loonie's downside should be cushioned by its favorable interest rate outlook. Odds also favor a rate hike in Canada next week to 0.75% from its present level of 0.5%. For the latest on the U.S. economy, investors on Friday morning will study indicators on consumer inflation, capital flows and consumer sentiment. EUR: The euro continued its upward advance against the greenback, strengthening to a fresh May 10 peak. Since its tumble in early June to its lowest in over four years, the single currency has rebounded more than 9% against the buck. Some of the common currency's recovery has been facilitated by thinner summer volumes, which can exacerbate market movements. Nevertheless, investors are also increasingly feeling less worried about the bloc's debt struggles. Government debt auctions recently in Greece, Portugal and Spain -- the epicenter of the crisis -- went off relatively smoothly, providing the main catalyst that helped to bolster the single currency this week. A sense that U.S. economic fundamentals are weakening have acted as a tailwind for the euro, giving it added lift.