(Bloomberg) -- The dollar fell to the lowest in two
months against the yen on concern U.S. subprime mortgage losses
will worsen.
The U.S. currency weakened for a third day on prospects a
National Association of Realtors report tomorrow will show U.S.
existing-home sales dropped last month to the lowest in four
years. Federal Reserve Chairman Ben S. Bernanke testified before
Congress last week that there will be ``significant'' losses on
loans to homeowners with poor credit.
Read more at Bloomberg Currencies News
months against the yen on concern U.S. subprime mortgage losses
will worsen.
The U.S. currency weakened for a third day on prospects a
National Association of Realtors report tomorrow will show U.S.
existing-home sales dropped last month to the lowest in four
years. Federal Reserve Chairman Ben S. Bernanke testified before
Congress last week that there will be ``significant'' losses on
loans to homeowners with poor credit.
Read more at Bloomberg Currencies News
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