Dollar falls - Citadel Hedge Fund Suspect

Dollar falls on talk of problems at hedge

Blog Posts & ArticlesBy Wanfeng ZhouLast Update: 10:57 AM ET Nov 17, 2006

NEW YORK (MarketWatch) -- The dollar fell against the euro and yen in mid-morning trade Friday on market talk that a major hedge fund is in trouble."Rumors of a major U.S. hedge fund collapse appear to be behind the dollar's latest dip," said Brian Dolan, director of research at Forex.com, a division of Gain Capital. Dolan said the speculation centers on Citadel Investment Group, which was not yet available for comment. The euro was last up 0.3% at $1.2833, while the dollar fell 0.5% at 117.60 yen.