Forex - Dollar ended last week higher after smaller-than-expected loss from Citigroup
The Dollar rose on Friday, heading for its largest weekly gain versus the Euro in a month, after a smaller-than-expected quarterly loss from Citigroup eased worries about the US financial sector.
The Euro was capped by European Central Bank President Jean-Claude Trichet’s comments published on Friday that euro-zone growth is likely to be weak in the second and third quarters before staging a recovery.
Sterling edged down from last week highs on speculation the UK government would increase borrowing.
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