U.S. dollar rises against most major currencies
19:00, 21 April 2009
NEW YORK. April 21. KAZINFORM The U.S. dollar rose against most major currencies on Monday as investors worried about the outlook of the U.S. financial industry; Kazinform refers to Xinhua.
Bank of America, the largest bank of the United States, reported on Monday that it posted a profit of 2.81 billion dollars in the first quarter. Profit per share is 44 cents, far more than expected.
It was the latest in a series of better-than-expected profit reports from major U.S. financial institutions including Citigroup and Goldman-Sachs.
But the profit reports failed to lift market sentiment significantly as investors still worried about credit loss of big banks. The strong results were not expected to sustain; Kazinform cites Xinhua.
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