(Bloomberg) -- The dollar fell to a more than two- year low versus the euro and dropped against the yen as a government report showed core consumer prices in the U.S. rose last month less than economists forecast.
``The core inflation number is not friendly for the dollar,'' said Christian Dupont, a senior currency trader in Montreal at Societe Generale SA. ``Inflation is not threatening. It gives the Fed a little bit more room to move rates lower to spur growth later this year.''
Read more at Bloomberg Currencies News
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