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FOREX-Dollar falls, stung by oil surge, weak stocks

Fri May 9, 2008 7:32am EDT
 
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By Naomi Tajitsu

LONDON, May 9 (Reuters) - The dollar fell broadly on Friday as sagging stock markets and a jump in oil prices to a record high weighed on the U.S. currency, while fading risk demand boosted the low-yielding yen.

The euro added to gains made the previous session after ECB President Jean-Claude Trichet said on Thursday that inflation remained his top concern, suggesting the bank may not cut interest rates any time soon. [ID:nL08596967] ¸

 
 

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