Dollar slumps to 15-month euro low

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Dollar slumps to 15-month low against euro as Fed indicates little concern with decline

The dollar slid to a 15-month low against the euro Wednesday as investors fled the safe haven currency on upbeat U.S. economic reports, while markets absorbed the U.S. Federal Reserve's indication that interest rates will remain at super-low levels for a while yet and that it was not overly concerned by the U.S. currency's decline.

The renewed slump in the dollar was driven largely by the publication Tuesday of the minutes to the Fed's last rate-setting meeting on Nov. 3-4.

The Fed said at the time that it plans to keep interest rates at "exceptionally low levels" for an "extended period" -- currently the Fed funds rate stands at a range between zero and 0.25 percent -- and that the
fall in the dollar had been "orderly."

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