Mfarhanonline:Dollar hits four-month low as Obama warns on debt

Fav Tag:

Mfarhanonline Business News TOKYO: The dollar hit a fresh four-month low versus the yen in Asia trade Tuesday as a standoff over competing plans to raise the US debt limit intensified amid no clear progress in efforts to avoid a default.

The dollar fell to 77.89 yen, its lowest level since March 17, after US President Barack Obama addressed the nation in a prime time

Share and Enjoy:

http://www.mfarhanonline.com/2011072629154/dollar-hits-four-month-low-as-obama-warns-on-debt/