MW: Dollar stays down after TIC, industrial production
NEW YORK (MarketWatch) -- The dollar fell back towards its lowest level in a year on Wednesday after the Treasury Department said foreigners sold $97.5 billion in U.S. assets in July, after a $56.8 billion outflow in June that analysts said was higher than previously reported. Also, U.S. industrial production rose 0.8% in August, more than expected The dollar index (DXY 76.27, -0.28, -0.36%) , a measure of the greenback against a trade-weighted basket of major currencies, fell to a fresh one-year low of 76.187 in overseas trade. It traded at 76.315 in recent action.
