UPDATES ON JUNE 17 TUESDAY

JUNE 17 TUESDAY

Dollar Falls for Second Day Against Euro Before Housing Report .

The dollar fell for a second day against the euro before

government housing and inflation reports that may

add to speculation the Federal Reserve will delay

increasing interest rates.

The currency declined from a four-month

high versus the yen as economists at Moody's

Investors Service Inc. and ABN Amro Holding

NV said the Fed won't be in a hurry to raise

borrowing costs. Korea's won rose for a

second day after the government said it

will use a stronger currency to help slow

inflation.

The dollar declined to $1.5534 per euro at 7:23 a.m

. in London, from $1.5477 in New York yesterday.

The U.S. currency fell to 107.89 yen from 108.22

yesterday, when it rose to 108.58 yen, the highest


level since Feb. 14. The yen traded at 167.60 a euro


after dropping to 167.84, the weakest since July 23,

when it reached a record low of 168.99. It was at

167.49 yesterday.