(Bloomberg) -- The dollar fell for a fifth day against the euro on speculation slower U.S. inflation will spur investors to seek fixed-income assets in nations where interest rates are climbing.
The U.S. dollar dropped against 13 of the world's 16 major currencies after a government report yesterday showed consumer price gains eased, contrasting with the outlook for prices in countries including the U.K., Germany and New Zealand, where investors are betting on central bank rate increases.
Read more at Bloomberg Currencies News
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