Dollar Falls to Two-Month Low Versus Euro on Outlook for Interest Rates

(Bloomberg) -- The dollar fell to the lowest level in
almost two months against the euro and dropped against the yen on
speculation the Federal Reserve will keep borrowing costs
unchanged while other central banks extend their increases.

Investors also sold the dollar against the Japanese currency
and Swiss franc after terrorists targeted central London and
Glasgow, Scotland, prompting them to pare holdings of riskier
assets such as equities and emerging-market assets funded by
loans in yen, a practice known as the carry trade.


Read more at Bloomberg Currencies News