Monday, July 23, 2007

Dollar at 2-month low vs yen, near record low vs euro

(Reuters) - The market shrugged off comments from U.S. Treasury Secretary Henry Paulson, who said problems in the subprime mortgage loan sector could be contained and would not hurt the overall economy. He also said a strong dollar was in the U.S. interest.




"The dollar remains top-heavy as it has not risen despite such favorable factors as a rise in U.S. stocks and comments from Paulson," said the head of foreign-exchange sales at a European bank.


Read more at Reuters.com Hot Stocks News

No comments: