Dollar rally vs euro continues on worsening European economy

The United States is set to sign into law one of the largest stimulus packages since FDR's New Deal -- one with record borrowing attached to it -- but you'd never know it from the dollar's trend.

The dollar continued to rally Tuesday against the euro and the British pound on renewed concern that European economic conditions will worsen.

The dollar strengthened about 1.5 cents to $1.2635 versus the euro and about one-half cent to $1.4222 versus the British pound. The dollar also rose about 1.2 cents versus the Swiss franc.