Friday, August 22, 2008

RTRS-Dollar falls broadly, financial sector jitters weigh

NEW YORK, Aug 21 (Reuters) - The dollar fell broadly on Thursday as worries of wider credit-related losses at some U.S. financial firms made investors abandon risky trades, igniting a rally in the yen and Swiss Franc.

The dollar fell as low as 108.14 yen .

Low yielding currencies such as the yen and Swiss franc tend to attract flows during periods of uncertainty as the low interest rates reflect the capital surplus of their respective countries.