Dollar falls

The weak economic reports sent Wall Street down. Stocks were also hurt by software giant Microsoft, which said it would cut 5,000 jobs in 18 months.
The dollar fell against the euro and the yen in New York trading. It rose against the pound as the British currency was under heavy pressure from worries over U.K. banking system.
The euro bought 1.3021 dollars in late New York trading compared with 1.2954 dollars it bought late Wednesday. The pound fell to 1.3876 dollars from 1.3922 dollars.