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Reply #44: Dollar deepens losses after Fed's Kohn comments [View All]

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Ghost Dog

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Tue Feb-26-08 01:48 PM
Response to Reply #12

44. Dollar deepens losses after Fed's Kohn comments

Tue Feb 26, 2008 12:36pm EST
NEW YORK, Feb 26 (Reuters) - The dollar extended losses on Tuesday after Federal Reserve Vice Chairman Donald Kohn said risks to U.S. economic growth were a bigger worry than inflation, suggesting further Fed interest rate cuts.

The euro rose to a session high of $1.4914 <EUR=>, versus $1.4902 before Kohn's comments. Against the yen, the dollar fell to 107.60 yen <JPY=>, a decline of 0.4 percent on the day.

/. http://www.reuters.com/article/marketsNews/idINN2646880020080226?rpc=611

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