Browse related articlesDollar falls against yen, euro
Thursday, March 13 - 2008 at 09:25
The dollar fell to the lowest since 1995 against the yen and slid to a record against the Euro on Wednesday amidst speculation that fund managers and central banks will cut holdings of U.S. assets, reported Bloomberg. 'Investors are getting out of dollar assets and this is going to lead to a dollar crash,' the newswire quoted Tetsuhisa Hayashi, chief currency manager of foreign-exchange trading in Tokyo at Bank of Tokyo-Mitsubishi UFJ Ltd., a unit of Japan's largest publicly traded lender. 'The U.S. economy is getting worse.'
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Jeff Florian, Senior ReporterThursday, March 13 - 2008 at 09:25 UAE local time (GMT+4)
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