PDA

View Full Version : Dollar Falls as Outlook for Banks Reduces Demand for Safety - Bloomberg



NewsWhore
05-05-2009, 09:50 AM
<img alt="" height="1" width="1">
Dollar Falls as Outlook for Banks Reduces Demand for Safety (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3DaO4j2Z.s2Rc0%26refer%3Deurope&cid=1344833334&ei=DkYASqTjEc7okAXXmOz5Bw&usg=AFQjCNFEzpj59X5nik1y6gnDuQHlLQsQOA)
Bloomberg - Ye Xie (http://news.google.com/news?svnum=10&as_scoring=n&tab=wn&as_drrb=q&as_qdr=&as_mind=11&as_minm=7&as_maxd=10&as_maxm=8&q=author:%22Ye Xie%22&hl=en&ned=us&ie=ISO-8859-1)
By Ye Xie May 5 (Bloomberg) -- The dollar dropped versus the euro, the pound and New Zealand&#39;s dollar on speculation banks will raise sufficient capital to weather the recession, reducing demand for the safety of the world&#39;s main reserve currency. ...


More... (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3DaO4j2Z.s2Rc0%26refer%3Deurope&cid=1344833334&ei=DkYASqTjEc7okAXXmOz5Bw&usg=AFQjCNFEzpj59X5nik1y6gnDuQHlLQsQOA)