Friday, April 27, 2007

Dollar Heads for Fifth Week of Losses Against the Euro Before GDP Report

(Bloomberg) -- The dollar was poised for a fifth week of declines against the euro before a report today that's forecast to show the world's largest economy decelerated in the first quarter.

``I don't think there will be any relief for the dollar if the number is as expected,'' said Gavin Friend, head of currency strategy at Commerzbank in London. ``It'll cement the idea that growth is sub trend.''


Read more at Bloomberg Currencies News

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