(Reuters) - TOKYO - The dollar slid to a record low against the euro on worries about U.S. subprime mortgages and hit a 26-year trough versus sterling on Wednesday after British data bolstered expectations for higher interest rates in Britain.
The euro rose as high as $1.3823 on electronic trading platform EBS and sterling hit a 26-year peak as the dollar was pressured by news about the ongoing woes of two Bear Stearns hedge funds that bet heavily on subprime loans.
Read more at Reuters.com Hot Stocks News
The euro rose as high as $1.3823 on electronic trading platform EBS and sterling hit a 26-year peak as the dollar was pressured by news about the ongoing woes of two Bear Stearns hedge funds that bet heavily on subprime loans.
Read more at Reuters.com Hot Stocks News
No comments:
Post a Comment