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Dollar rebounds after Citi bank gains

Jul 21,2008

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The dollar headed for a weekly advance against the euro, rebounding from a record low on signs U.S. investment banks will withstand credit-market losses stemming from the collapse of the subprime-mortgage market. The dollar rose versus a basket of six major currencies on Friday, boosted after Citigroup reported a smaller-than-expected second quarter loss, calming some jitters on U.S. financial sector health. Citi, the biggest U.S. bank, reported a second-quarter loss per share of {ARTICLE_BODY}.49,

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