(Bloomberg) -- The dollar dropped to a record low
against the euro and slumped versus the yen after a government
report showed retail sales fell last month by more than analysts
expected.
The data may add to concern that the U.S. economy will
slow, lifting speculation the Federal Reserve will cut borrowing
costs this year.
Read more at Bloomberg Currencies News
against the euro and slumped versus the yen after a government
report showed retail sales fell last month by more than analysts
expected.
The data may add to concern that the U.S. economy will
slow, lifting speculation the Federal Reserve will cut borrowing
costs this year.
Read more at Bloomberg Currencies News
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