Wed Feb 24, 2010 10:10am EST
NEW YORK, Feb 24 (Reuters) - The dollar fell against theyen and euro Wednesday after data showed sales of new U.S.homes fell sharply in January, raising doubts about the U.S.economy and causing investors to reduce exposure to risk.
The dollar fell to 89.81 yen JPY=, a session low, fromaround 90.20 yen before the data. It was down about 0.4 percenton the day. The euro extended gains to $1.3595 EUR=, asession high, from $1.3570. It was last at $1.3580, up 0.5percent.
Also on Wednesday, Fed Chairman Ben Bernanke reiteratedthat economic conditions will warrant low U.S. interest ratesfor an extended period, further undermining the dollar.
(Reporting by Steven C. Johnson, Editing by Chizu Nomiyama)
Currencies
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