Markets & Finance

Dollar Falls


MARKETSCOPE : The dollar fell on Tuesday, as investors continued making their bets on the U.S. monetary policy and economic outlook.

One dollar bought 115.08 yen, compared to 115.48 at Monday's close. The sterling moved to 1.7846 from 1.7681, while the euro climbed to 1.2101 from 1.1984.

After his nomination to replace Alan Greenspan as Fed chairman, Ben Bernanke said in a British newspaper interview that U.S. inflation pressures are likely to remain confined to the energy sector, and fiscal and monetary policy is accommodative.

Some investors were nervous about the CIA leak investigation's potential impact on the White House.


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