(Bloomberg) -- The dollar pared a drop versus the
yen and euro as U.S. stock futures were little changed,
suggesting investors may slow a flight out of risky assets.
The U.S. currency dropped earlier after Moody's Investors
Service yesterday cut ratings on $5.2 billion of bonds backed by
U.S. subprime mortgages, pushing down shares of banks and
builders. Investors switched to the safety of government bonds
on concern that a U.S. housing slowdown will slow the world's
biggest economy and curb global growth.
Read more at Bloomberg Currencies News
yen and euro as U.S. stock futures were little changed,
suggesting investors may slow a flight out of risky assets.
The U.S. currency dropped earlier after Moody's Investors
Service yesterday cut ratings on $5.2 billion of bonds backed by
U.S. subprime mortgages, pushing down shares of banks and
builders. Investors switched to the safety of government bonds
on concern that a U.S. housing slowdown will slow the world's
biggest economy and curb global growth.
Read more at Bloomberg Currencies News
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