15 October 2004, 15:32  Dollar hits two-month low against Swiss franc

The dollar fell to two-month lows against the Swiss franc on Friday, in line with broad losses due to worries about the U.S. economy ahead of data later in the session. News of a swelling U.S. trade deficit and record high oil prices hit the dollar on Thursday, and markets are awaiting further clues on the U.S. economy from September retail sales and industrial production, and the University of Michigan consumer sentiment survey for October. "It is broad dollar weakness," said Marios Maratheftis, currency strategist at Standard Chartered. "The dollar is being driven by yesterday's trade deficit numbers which were near a record high. That's a strong dollar negative and the dollar should go even lower from here, although we are still in a tight range." The dollar fell to 1.2420 francs by 1126 GMT, its worst showing since August 20, and also dropped to the day's lows against the euro and the yen .///

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