Dollar Gains on Oil, Citigroup

By Korman Tam
18 July 2008 @ 04:02 pm EDT

The major currencies were mixed on the Friday session amid a dearth of fresh economic news. However, the greenback took solace in a better-than-expected earnings report from Citigroup, propping the currency to above the 107-level against the yen to 107.08. Markets lauded Citigroup's earnings report, which revealed a $2.5 billion loss in the second quarter, considerably better than consensus estimates for a loss of $3.67 billion.

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