(Reuters) - The dollar slumped to a 12-year low on Friday on concerns the crisis in the U.S. subprime mortgage sector will have an impact on consumer spending and the wider economy.
The dollar index, which measures the greenback against a basket of currencies, fell to a 12-year low due to the ongoing fear surrounding the subprime market and pushed bond yields and stocks lower, traders and analysts said.
Read more at Reuters Africa
The dollar index, which measures the greenback against a basket of currencies, fell to a 12-year low due to the ongoing fear surrounding the subprime market and pushed bond yields and stocks lower, traders and analysts said.
Read more at Reuters Africa
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