The brink of collapse? Dollar plunged again.

<P> Dollar continued to plunge yesterday, the weak U.S. business activity, the level of inflation reports in a healthy state, weakened the dollar. .</ P> <P> midday New York trading, the euro rose 0.7% against the dollar to $ 1.3250. .Previously reported the Chicago Purchasing Managers Index (Chicago PMI) showed that the U.S. Midwest business activity contracted unexpectedly. .</ P> <P> yen also reported rising 0.7% against the dollar climbed to 115.60 yen. .As UK house prices continued to show rapid upward trend, the pound against the dollar rose more than 1%, to $ 1.9696, the highest since 1992, the United Kingdom from the European Exchange Rate Mechanism (European Exchange Rate Mechanism) has the highest level. .</ P> <P> earlier data showed the U.S. in October, which excludes food and energy, the core personal consumption expenditure growth stable at 2.4% year on year, indicating that the Federal Reserve (Fed) are less likely to raise interest rates further. .Core consumer spending is the Fed's preferred inflation benchmark, the dollar interest rate may be supported. .</ P> <P> in the United States on Wednesday raised its third-quarter economic growth data in the official estimates, the dollar's recent decline was suspended. .</ P> <P> Bank of New York (Bank of New York) foreign policy analyst Michael • Wal-Fork (Michael Woolfolk) said: "The personal income and spending report and the Chicago purchasing managers index, hit two consecutive .Kee Meng Quan, the dollar pushed towards collapse, the dollar's recent direction is no longer much suspense. "</ P> <P> Capital Economics (Capital Economics) in London, analyst Simon • Hayley (Simon Hayley) that ., hedge factor in the dollar may soon play a greater role in the decline, traders will be away from the carry trade (carry trade), not to borrow yen to buy low-cost high-yielding currencies. .</ P>.