IN BRIEF : Dollar Falls in European Exchanges

The dollar fell today against all major currencies in Europe after the U.S. government reported that the nation’s October trade deficit was only slightly narrower than market forecasts.

Although the trade deficit narrowed to $10.35 billion in October from $10.67 billion in September, the Commerce Department announcement sparked a slight dollar sell-off, dealers said.

“The figures were actually quite good, but no one wants to buy dollars,” said a dealer at a large bank in Frankfurt, West Germany. In London, the British pound rose to $1.8335 from $1.8280 late Tuesday.

In Tokyo, where trading finished before the report was released, the dollar rose 0.29 Japanese yen to a closing 123.35 yen. But later in London, the dollar dropped to 122.60 yen.