(Bloomberg) -- The dollar declined to a record
versus the euro and weakened against 12 of the other most active
currencies on speculation subprime mortgage losses will deepen
and reduce demand for U.S. assets.
Countrywide Financial Corp., the biggest U.S. mortgage
lender, reported its third straight decline in quarterly profit
on increases in late loan payments and reduced its forecast for
earnings this year.
Read more at Bloomberg Currencies News
versus the euro and weakened against 12 of the other most active
currencies on speculation subprime mortgage losses will deepen
and reduce demand for U.S. assets.
Countrywide Financial Corp., the biggest U.S. mortgage
lender, reported its third straight decline in quarterly profit
on increases in late loan payments and reduced its forecast for
earnings this year.
Read more at Bloomberg Currencies News
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