(Bloomberg) -- The dollar may approach the all-time low against the euro amid speculation the Federal Reserve will point to signs of U.S. economic weakness in its statement tomorrow, boosting expectations for interest rate cuts this year.
The U.S. currency dropped yesterday against all of the most active currencies tracked by Bloomberg except the Norwegian krone on expectations the central bank will say inflation is less of a concern. European Central Bank President Jean-Claude Trichet may signal later this week that the bank will increase borrowing costs in June.
Read more at Bloomberg Currencies News
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