(Bloomberg) -- The dollar traded near a two-week low
against the euro as speculation a housing slump will temper
growth in the U.S. economy helped push down Treasury yields.
The currency headed for a sixth day of declines, the longest
run since April 19, as the yield spread of 10-year U.S. bonds
over similar-maturity German bunds narrowed to the least in a
month. A government report yesterday showed builders broke ground
on fewer homes last month.
Read more at Bloomberg Currencies News
against the euro as speculation a housing slump will temper
growth in the U.S. economy helped push down Treasury yields.
The currency headed for a sixth day of declines, the longest
run since April 19, as the yield spread of 10-year U.S. bonds
over similar-maturity German bunds narrowed to the least in a
month. A government report yesterday showed builders broke ground
on fewer homes last month.
Read more at Bloomberg Currencies News
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