Monday, July 23, 2007

Dollar hits record low vs euro on subprime woes

(Reuters) - The dollar fell to a record low against the euro on Monday and a six-week low against the yen, hurt by continuing worries about the U.S. subprime mortgage sector and some unwinding of yen carry trades.

The yen seesawed, sliding broadly in early Asian trading and hitting record lows against the euro in a move that traders attributed to speculative buying of sterling against the yen.


Read more at Reuters Africa

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