Monday, July 2, 2007

Dollar down broadly on US financial sector woes

(Reuters) - The dollar fell broadly and the yen and Swiss franc rallied on Monday as concerns about U.S. housing market woes spilling into the wider economy dented risk appetite and led investors to buy low yielding currencies.

Concerns about the U.S. subprime mortgage market -- amplified in recent week by trouble at two Bear Stearns-managed hedge funds -- have dented investors' appetite for risk.


Read more at Reuters Africa

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