The dollar fell against the euro on speculation President Barack Obama will announce further assistance to the U.S. auto industry, encouraging investors to seek higher-yielding assets.

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The private visit is due to take place at Buckingham Palace when the president visits Britain to attend the G20 London economic summit.World leaders are meeting at the G20 in London on 2 April to discuss plans to tackle the current economic crisis.

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Following up on President Barack Obama’s announcement two weeks ago, the Treasury Department today began issuing guidelines to lenders and mortgage servicers on how to implement programs the administration says could keep millions of people in their homes by restructuring their home loans.

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President Barack Obama on Wednesday will order a crackdown on waste and cost overruns in U.S. government procurement that he estimates will save up to $40 billion a year, an administration official said.

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