(Reuters) - The dollar steadied after tumbling to a record low against the euro and stuck near a 26-year trough against sterling on Wednesday as investors feared that growing U.S. subprime mortgage woes could spread to the wider economy.
The dollar's broad decline accelerated early in the Asian session, especially against the low-yielding yen, as investors cut back on their exposure to higher-yielding but riskier assets.
Read more at Reuters Africa
The dollar's broad decline accelerated early in the Asian session, especially against the low-yielding yen, as investors cut back on their exposure to higher-yielding but riskier assets.
Read more at Reuters Africa
No comments:
Post a Comment