(Bloomberg) -- The dollar fell to a record low
against the euro and the weakest in 26 years versus the pound on
speculation declining consumer spending will weaken the economy
and dim the allure of U.S. assets.
The U.S. currency dropped a fifth straight week against the
euro and pound amid growing bets that the Federal Reserve will
cut interest rates this year to spur growth. U.S. reports next
week are forecast to show a slowdown in housing starts and
manufacturing, which may fuel more dollar selling.
Read more at Bloomberg Currencies News
against the euro and the weakest in 26 years versus the pound on
speculation declining consumer spending will weaken the economy
and dim the allure of U.S. assets.
The U.S. currency dropped a fifth straight week against the
euro and pound amid growing bets that the Federal Reserve will
cut interest rates this year to spur growth. U.S. reports next
week are forecast to show a slowdown in housing starts and
manufacturing, which may fuel more dollar selling.
Read more at Bloomberg Currencies News
No comments:
Post a Comment