(Bloomberg) -- The dollar fell to $1.36 against the euro for the first time since December 2004, on speculation slower U.S. inflation will spur investors to seek fixed-income assets in nations where interest rates are climbing.
The U.S. dollar dropped against 14 of the world's 16 major currencies after a government report yesterday showed consumer price gains eased, contrasting with the outlook for prices in countries including the U.K., Germany and New Zealand, where investors are betting on central bank rate increases.
Read more at Bloomberg Currencies News
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