US Dollar Slides, Euro at Two-Week High

US Dollar Slides, Euro at Two-Week High
A bank employee holds a pile of 500 euro notes at a bank branch in Madrid on Jan. 13, 2011. Reuters/Andrea Comas
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NEW YORK—The U.S. dollar continued its slide on Aug. 22, and the euro hit a two-week high as investors rushed to cover short positions.

Some analysts said renewed U.S. political uncertainty could keep the dollar under pressure, although the immediate currency impact was modest.