Dollar Falls to Record; Jobless Claims Rise, GDP Lags Forecast

The dollar fell to a record low against the euro for a third straight day as a weakening U.S. labor market and slower-than-forecast economic growth bolstered bets the Federal Reserve will cut interest rates through June.

Traders also pushed the dollar to the weakest in almost a month versus the yen. Japan's currency climbed against all its major counterparts as declines in global stocks prompted investors to reduce holdings of higher-yielding assets funded with loans in Japan.