Dollar falls on BoA earnings

BERLIN (AP) -- The dollar was mixed Monday and slid near a new low against the euro after Bank of America Corp. reported worse-than-expected first-quarter earnings.
The 15-nation currency rose as high as $1.5946 and fetched $1.5916 in late New York trading, up from $1.5805 Friday and not far off its all-time high of $1.5982 reached last Thursday.
Meanwhile, the pound fell after the Bank of England, in a bid to address fallout from the U.S. subprime mortgage crisis, announced a 50 billion-pound plan to allow banks to swap mortgage-backed securities for Treasury bills. The pound dropped to $1.9798, compared with $1.9940 late Friday,
The dollar has been weighed down by a combination of gloomy U.S. economic data and high European inflation - fueling expectations that the U.S. Federal Reserve will cut interest rates yet again, while the European Central Bank will leave rates unchanged.