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Markets & Finance

Dollar Slips After G7, World Bank, IMF Meetings

MARKETSCOPE : The dollar's value edged lower early Monday, after the Group of Seven, World Bank and International Monetary Fund meetings this weekend.

The dollar index was off 0.07 to 87.67, after having taken hits in recent sessions.

The greenback also dropped to 115.27 yen amid losses in Japanese and Asian stocks earlier Monday.

The euro rose to $1.2382 following a report that French April business confidence rose to 108 from a revised 106 in a surprise.

The sterling was up at $1.7898 as U.K. March retail sales surprisingly rose 0.7%. Also, U.K. March public sector net borrowing rose by 6.957 billion pounds.

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