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Dollar Falls For Sixth Day Amid Turmoil In Pakistan

First Posted: 03/28/08 03:44 AM ET Updated: 05/25/11 01:20 PM ET

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Bloomberg:

The dollar fell for a sixth day against the euro as slowing economic growth and concern that turmoil in Pakistan will intensify made U.S. assets less attractive to international investors.

The dollar headed for its biggest weekly decline against the euro since November 2006 before a U.S. government report forecast to show sales of new homes fell to near an 11-year low last month. Riots in Pakistan a day after the slaying of former Prime Minister Benazir Bhutto also weighed on the dollar.

Read the whole story: Bloomberg

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Filed by Michelle Kung  |