FOREX - US Dollar Sinks to Three Week Low on Signs of Slowing Economy

FOREX - NEW YORK, June 3 (Reuters) - The dollar fell to a three-week low on Monday after data showed the U.S. economy is gradually slowing down with weaker-than-expected readings on manufacturing and construction spending, suggesting that the Federal Reserve is on track to start cutting interest rates later this year.

The dollar index, a measure of the U.S. currency's value against six major currencies, fell 0.4% to 104.14 . The index earlier dropped to 104.13, the lowest since mid-May.