Monday, July 16, 2007

Dollar under pressure, Asian shares struggle

(Reuters) - Crude oil nudged higher, shrugging off gasoline's more than 4 percent slump a day ago, and gold rebounded with dealers expecting a weaker U.S. currency to spur buying.




Optimism about earnings at multinational companies pushed the Dow Jones industrial average to nearly 14,000 but the broader U.S. market fell on Monday, hit by fresh worries about troubles in the subprime mortgage sector .


Read more at Reuters.com Hot Stocks News

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