BERLIN (AP) - The dollar slid against the euro Wednesday on data that showed the U.S. current account deficit soaring more than expected in the fourth quarter and far exceeding its previous record for the full year.
The euro, which had crept upward before the figures were released, climbed above $1.34 after the data. The European currency bought $1.3421 in afternoon trading, up from $1.3385 before the current account figures and $1.3314 in New York late Tuesday.
The dollar dropped to 103.90 Japanese yen, compared with 104.45 yen Tuesday; the British pound strengthened to $1.9272 from $1.9122.
Worries about the wide U.S. current account deficit - the broadest measure of foreign trade - have strengthened the euro against the dollar over recent months, pushing it from about $1.20 last September to an all-time high of $1.3667 at the end of December.
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