Forex - Dollar ended last week higher after smaller-than-expected loss from Citigroup - Forex Forum

 
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> Forex - Dollar ended last week higher after smaller-than-expected loss from Citigroup
Ac-markets.com
post Jul 21 2008, 1:00
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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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