Dollar Drops to Lowest in Almost a Month Against Euro as Inflation Eases

(Bloomberg) -- The dollar dropped to the
lowest level in almost a month against the euro after U.S.
reports showed inflation eased and consumption increased
less than economists' forecasts, reducing the currency's
appeal.

The U.S. dollar posted a third straight weekly loss as
the data fueled speculation the Federal Reserve will keep
borrowing costs unchanged this year while other central
banks extend increases. The dollar may extend the decline
next week on statistics forecast to show U.S. job growth
slowed this month while a gauge of the service sector
declined.


Read more at Bloomberg Currencies News