(Bloomberg) -- The dollar advanced the most against
the euro since January as subprime losses encouraged investors
to avoid riskier assets and repatriate money.
The U.S. currency increased more than 2 cents from a record
low against the euro and rose from the weakest in 26 years versus
the pound as investors sought refuge from a global rout of stocks
and corporate bonds. The dollar's rally may sputter next week on
a government report forecast by economists to show slowing job
growth this month.
Read more at Bloomberg Currencies News
the euro since January as subprime losses encouraged investors
to avoid riskier assets and repatriate money.
The U.S. currency increased more than 2 cents from a record
low against the euro and rose from the weakest in 26 years versus
the pound as investors sought refuge from a global rout of stocks
and corporate bonds. The dollar's rally may sputter next week on
a government report forecast by economists to show slowing job
growth this month.
Read more at Bloomberg Currencies News
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