Dollar Trades Near Record Low Before Inflation, Treasury Holdings Reports

(Bloomberg) -- The dollar traded near a record low
against the euro before U.S. government reports that economists
forecast will show slowing inflation and waning foreign demand
for U.S. securities.

Yields on 10-year Treasury notes yesterday fell for a
second day, diminishing the appeal of holding dollar-denominated
assets. Traders have stepped up bets the Federal Reserve will
cut interest rates before Chairman Ben S. Bernanke delivers
testimony before the House Financial Services Committee tomorrow.


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