Dollar rebounded sharply on Friday
From news_archive.php?id=40686
Dollar rebounded sharply on Friday The U.S. dollar rebounded sharply on Friday, after a fall in the previous sessions, as trouble in the US credit markets led investors to repatriate funds from overseas. Worries about ongoing problems in the U.S. sub-prime mortgage and corporate bond markets have led investors to shun bets in riskier assets such as foreign stocks this week, helping the dollar recover more than two cents from record lows against the euro as money flows back into the United States. Meanwhile the flight from risk has led some traders to cut their exposure to carry trades, or purchases of high yielding ...
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