Dollar falls on weak financial sector

U.S. currency stumbles as major institutions are said to face further billions in losses. Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS By Kenneth Musante, CNNMoney.com staff writer Issue #1: America's Money - Everyday on CNN NEW YORK (CNNMoney.com) -- The dollar fell against major currencies Thursday as investors perceived further weakness in U.S. financial institutions and rallying oil attracted investors. U.S. currency lost ground against the 15-nation euro, which rose to $1.4796 from $1.4769 late Wednesday. The dollar also fell against the Japanese yen, slipping to ¥108.33 from ¥109.85 a day earlier. Financial sector: Analysts were pessimistic about major financial firms Thursday, suggesting further trouble for the U.S. economy and indicating the Federal Reserve may need to keep cash... [read full story]