Dollar falls against euro after weak US data

The dollar weakened broadly today after US consumer confidence data and a regional US manufacturing report came in well below…

The dollar weakened broadly today after US consumer confidence data and a regional US manufacturing report came in well below economists' expectations.

The euro jumped to $1.2140 from around $1.2110 just before the two reports were released, while the dollar fell to 1.2705 Swiss francs from around 1.2740.

The headline Chicago purchasing managers index for August was 57.3, which although still indicating expansion, fell short of forecasts of 60.8. July's reading was 64.7.

The Conference Board's consumer confidence index fell to 98.2 from 105.7 in July. Economists had expected a reading of 103.5.