(Reuters) - "I want Dominique Strauss-Kahn to be France's candidate at the head of the IMF because he is the best suited to this post," Sarkozy was quoted as saying.
Read more at Reuters.com Business News
Read more at Reuters.com Business News
Saturday, July 7, 2007
Dollar falls as payrolls rally runs out of steam
(Reuters) - The dollar slid against the euro on Friday after an unexpectedly strong U.S. jobs report failed to change views that U.S. interest rates will stay on hold this year while overseas rates rise.
The dollar initially rallied after the report, but quickly gave up its gains, hitting a 30-year low against the Canadian dollar and approaching a record low against the euro. A large U.S. bank and a central bank stepped in to buy euros, snuffing out a fleeting dollar rally after the data, traders said.
Read more at Reuters Africa
The dollar initially rallied after the report, but quickly gave up its gains, hitting a 30-year low against the Canadian dollar and approaching a record low against the euro. A large U.S. bank and a central bank stepped in to buy euros, snuffing out a fleeting dollar rally after the data, traders said.
Read more at Reuters Africa
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