The Wall Street Journal reports this morning that the dollar ended the year lower against other major currencies.
The dollar is lower early Monday in New York, a fitting path for the greenback on the final day of trading of 2007, a year that saw the dollar fall against virtually all its rivals.
Poor U.S. housing data last week and generally weaker global stock markets overnight have pushed the dollar to a two-week low of 111.73 yen against the yen early Monday as investors become averse to risk.
The dollar is also lower against sterling and a bit weaker versus the euro as it continues a weakening trend that began last week on persistent worries of a U.S. recession.
"It appears that disappointing U.S. economic data have caused the weakening trajectory (in the dollar) to reassert itself," said Stephen Malyon, currency strategist at Scotia Capital in Toronto.
Trading volume has been thin Monday with many global stock markets closed or open for only a half-day ahead of the New Year holiday Tuesday.
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