NEW YORK (AP) — The dollar bounced back Thursday from a five-month low against the euro but continued to drop against the yen and Swiss franc.
Weak European economic news hurt the euro while worries about U.S. growth weighed on the dollar.
In late afternoon trading in New York, the 16-nation euro fell to $1.3335 from $1.3390 late Wednesday. It peaked at a five-month high of $1.3440 Wednesday after the Federal Reserve hinted that it was ready to provide more aid to the U.S. economy. If the Fed acts, U.S. interest rates will likely drop further, hurting the dollar's appeal for investors.
A monthly measure of business activity in Europe fell more than expected in September, …
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