Dollar Falls as Reports May Show Housing Slump Slowing Economy

I gotta tell you that I haven't really been optimistic that the economy is improving all that much over the past couple of years. I guess living in Michigan kind of shelters us from seeing actual growth since people are flocking out of here just to find decent work at a salary that is remotely acceptable for our skills. Though the cost of living is low here the quality of life is certainly not desirable. You would be hard pressed to give a way a house to get out of here right now. It's certainly a buyer's market that's for sure. You just have to wonder if it is even worth making that investment here right now considering that there doesn't appear to be any promise in industry.

The dollar fell to the lowest in almost two months against the euro on speculation reports will show a housing slump is slowing growth in the U.S. economy.

The U.S. dollar declined against 14 of the 16 most-active currencies before reports this week that may show fourth-quarter growth was less than previously estimated, new home sales fell and durable goods orders dropped. The difference in yield between benchmark 10-year U.S. and German debt last week narrowed to the least in almost two years.

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