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Dollar Declines on Speculation U.S. to Raise Citigroup Stake

Business Materials 23 February 2009 05:48 (UTC +04:00)

The dollar fell after the Wall Street Journal reported that Citigroup Inc. is holding talks with federal government officials that may increase the government's ownership of the bank, citing unidentified people familiar with the situation, Bloomberg reported.

The dollar dropped to $1.2827 per euro as of 10:57 a.m. in Tokyo from $1.2826 late in New York on Feb. 20. It weakened to 92.91 yen from 93.35 late last week. 

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