(Bloomberg) -- The dollar fell the most in almost
three weeks against the euro as a rebound in U.S. stocks reduced
investors' need for safe-haven buying in the currency.
The U.S. currency gained the most last week since January as
subprime losses encouraged investors to avoid riskier assets and
seek haven in the dollar. The Standard & Poor's 500 Index rose
from its steepest weekly decline since September 2002. Treasuries
declined amid reduced need for the safety of government debt.
Read more at Bloomberg Currencies News
three weeks against the euro as a rebound in U.S. stocks reduced
investors' need for safe-haven buying in the currency.
The U.S. currency gained the most last week since January as
subprime losses encouraged investors to avoid riskier assets and
seek haven in the dollar. The Standard & Poor's 500 Index rose
from its steepest weekly decline since September 2002. Treasuries
declined amid reduced need for the safety of government debt.
Read more at Bloomberg Currencies News
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