(Bloomberg) -- The dollar traded near a two-month
high against the euro before U.S. reports this week that will
probably signal economic growth is recovering.
The U.S. dollar gained for a fifth day versus the euro, the
longest winning run since October, as traders have pared bets
the Federal Reserve will lower borrowing costs this year. The
U.K. pound advanced after Bank of England Governor Mervyn King
suggested interest rates will rise from a six-year high.
Read more at Bloomberg Currencies News
high against the euro before U.S. reports this week that will
probably signal economic growth is recovering.
The U.S. dollar gained for a fifth day versus the euro, the
longest winning run since October, as traders have pared bets
the Federal Reserve will lower borrowing costs this year. The
U.K. pound advanced after Bank of England Governor Mervyn King
suggested interest rates will rise from a six-year high.
Read more at Bloomberg Currencies News
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