(Bloomberg) -- The dollar fell to a two-year low against the euro and weakened versus the yen on concern a slowing economy and high inflation may prevent the Federal Reserve from lowering borrowing costs.
The U.S. currency weakened as reports showed consumer confidence declined in April and producer prices rose last month more than economists forecast. The yen dropped to an all-time low against the euro today.
Read more at Bloomberg Currencies News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment