Sept. 25 (Bloomberg) -- The dollar traded within a cent of its record low against the euro before U.S. reports forecast by economists to show falling home sales and consumer confidence.
New evidence of slowing growth may encourage the Federal Reserve to cut interest rates at least once more this year, reducing the attraction of U.S. assets. The dollar sank yesterday to the lowest since September 1992 against a basket of six of its major peers.
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