Monday, July 2, 2007

Dollar hits 26-year low vs sterling on rate view

(Reuters) - The dollar hit a 26-year low versus sterling and hovered near a record trough against the euro on Tuesday as investors flocked to currencies whose interest rates are expected to climb further and erode the dollar's appeal.

Investors were hesitant to buy the dollar ahead of the U.S. Independence Day holiday on concerns about the threat to the United States following an attack on Glasgow airport and foiled attempts to detonate car bombs in London late last week.


Read more at Reuters Africa

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