Friday, April 13, 2007

Dollar Declines to Two-Year Low on Speculation U.S. Trade Deficit Widened

(Bloomberg) -- The dollar slid to a two-year low versus the euro on speculation government data today will show a widening U.S. trade deficit.

``The report may spark concern whether the U.S. will be able to attract foreign investment to finance the shortfall,'' said Yuji Saito, a senior currency dealer at Societe Generale SA in Tokyo. ``It's a factor for selling the dollar.''


Read more at Bloomberg Currencies News

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