Reply #11: Dollar lower vs. Europeans, trims yen gain after trade

[UpInArms]

http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38212.3685416667-817497944&siteID=mktw&scid=0&doctype=806&

CHICAGO (CBS.MW) -- The dollar remained lower vs. its European rivals and trimmed its gain against the Japanese yen after a report showed a widening of the U.S. trade imbalance. The U.S. trade deficit widened by 19.1 percent in June to a record $55.8 billion, the Commerce Department said. The trade deficit was well above the consensus forecast of Wall Street economists of a deficit of $46.9 billion. This is the largest one- month widening of the trade gap since February 1999. The dollar was quoted down 0.5 percent vs. Europe's shared currency, at $1.2299. The dollar rose 0.3 percent at 111.08 yen.