(Bloomberg) -- The dollar rebounded from a one-
month low against the yen and pared a decline versus the 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
month low against the yen and pared a decline versus the 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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