Dollar Falls To Lowest Level In Nearly 2 Months As Stock Selloff Continues

The dollar fell to its lowest level in about seven weeks Friday compared to a basket of rival currencies as a selloff in U.S. stocks continued for a fourth day. The ICE U.S. dollar index , a measure of the dollar's strength against six rival currencies, fell 0.8% to 95.2360, its lowest level since June 30. The euro surged to 0.7% to $1.1322, while the dollar shed 0.8% to 122.51 yen. In both cases, the dollar fell to its lowest level since June 23. The Dow Jones Industrial Average was off 1.3% to 16,755, while the S&P 500 was down 1.5% to 2,006.