Euro at new high due to subprime woes

11:40 am ET Jul 10, 2007

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-10.10

10Yr

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Euro at new high due to subprime woes

NEW YORK
The euro hit a new high against the dollar on Tuesday, topping $1.37 in
mid-morning trading amid concerns that problems in the subprime mortgage
loan sector would spread to other parts of the U.S. economy.

Market Snapshot: U.S. stocks fall on earnings, subprime jitters

NEW YORK
U.S. stocks fell on Tuesday, with investor enthusiasm hit right at the
outset of earnings season after both Home Depot Inc. and Sears Holdings
lowered their forecasts, while concerns about housing and credit markets
were revived by a possible rating action from Standard & Poor's.