NEW YORK — The dollar sank against major foreign currencies in active trading on Tuesday, its decline prompted by further evidence of a sluggish U.S. economy. Gold prices rose. Bullion was quoted at $348 an ounce at Republic National Bank in New York, up $3 from Monday's bid.
"We have the dollar on the move again. It's going down," said Robert Brusca, chief economist at Nikko Securities Co. International Inc. "Things are looking a little bad for the dollar."