Saturday, June 7, 2008

Forex News : Oil Price Increase

Dollar Falls to One-Week Low Versus Euro as Jobless Rate Rises

June 6 (Bloomberg) -- The dollar fell to a one-week low against the euro after a government report showed the U.S. unemployment rate increased the most in more than two decades, adding to evidence the economy may not be rebounding.

The currency dropped on increased speculation the Federal Reserve may refrain from raising borrowing costs this year.

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