The dollar fell against the euro but rose against the pound on Monday as oil prices and U.S. stocks retreated.
The dollar got some strength after oil prices tumbled as concerns about potential supply disruptions eased. Light, sweet crude for August delivery fell 3.92 dollars to settle at 141.37 dollars a barrel on the New York Mercantile Exchange.
On the other side, the greenback was under pressure as U.S. stocks fell on worries about the financial sector. San Francisco Federal Reserve President Janet Yellen said on Monday that the housing and financial markets could deteriorate further before a recovery takes place, which she expects to happen in 2009.
The euro bought 1.5733 dollars in late New York trading compared with 1.5699 dollars it bought late Thursday. The British pound fell to 1.9775 dollars from 1.9829 dollars.
The dollar fell to 1.0259 Swiss francs from 1.0267 Swiss francs, and rose to 106.96 Japanese yen from 106.77 Japanese yen. It fell to 1.0177 Canadian dollars from 1.0186 Canadian dollars.
Source:Xinhua
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