Day: July 28, 2008

Dollar Falls vs. Euro, Yen on Recession Fears

As the investors feared that the U.S. financial institutions will continue to lose on the credit crunch and the oil prices rose, the U.S. dollar declined from its local maximums against euro and yen. The  U. S. currency fell for a second day against the euro and for the first day against the Japanese yen after the Federal Reserve Bank […]