Dollar sinks to multimonth lows vs euro, pound (AP)
The dollar fell steeply to multimonth lows against several currencies Friday as a report saying the US economy is still shrinking couldn’t sink investors’ taste for riskier assets.
Rise in risk appetite and U.S. deficit fear slam dollar (Reuters)
The dollar hit a five-month low against major currencies on Friday and the euro rose above $1.41 for the first time this year as hope of a global recovery drove investors to buy higher-yielding currencies and assets.
A look at economic developments around the globe (AP)
A look at economic developments and stock market activity around the world Friday: —— BERLIN — The 16 countries that use the euro saw zero inflation in the year to May, official figures showed, stoking expectations prices may fall for several months and raising concern about whether policymakers are doing enough to ward off a debilitating downward spiral.
Mexico cuts daily dollar sale as peso stabilizes (AP)
Mexico is planning to slash the amount of foreign currency reserves it automatically sells each day by half as the peso stabilizes amid easing global credit conditions.
Dollar sinks to multimonth lows vs euro, pound (AP)
The dollar fell steeply to multimonth lows against several currencies Friday as a report saying the US economy is still shrinking couldn’t sink investors’ taste for riskier assets.
