WORLD FOREX: Dollar Slides Against Euro On Housing Weakness

NEW YORK (Dow Jones)--The dollar stumbled against the euro and the yen Friday, after a U.S. housing report cast doubt on the strength of the economic turnaround and called into question the prior week's ascendancy in the U.S. currency.

New home sales in the U.S. fell for the second consecutive month in February, helping push the euro up to its highest level in three weeks in Friday trading. The greenback tumbled against the yen to below Y82 for the first time since March 13 before regaining some of its ground. The U.S. currency also touched its lowest level