Slow asset buying decreases dollar

The dollar fell versus the euro and the yen as foreigners increased their purchases of US assets in October at the slowest pace in a year.

International investors bought a net $48.1 billion of Treasury notes, corporate bonds, stocks and other financial assets, down from $67.5 billion in September, the Treasury Department said. Corporate bond purchases fell 56%.

Versus the euro, the dollar declined to $1.3403 at 10:24am in New York from $1.3298 late yesterday, according to electronic foreign-exchange trading system EBS.