Dollar Is Little Changed Versus Euro After Bernanke Says Growth to Pick Up

(Bloomberg) -- The dollar was little changed
against the euro after Federal Reserve Chairman Ben S. Bernanke
predicted U.S. economic growth will pick up slightly next year
and inflation will gradually recede.

Bernanke, in his semi-annual testimony before the House
Financial Services Committee, said ``the U.S. economy appears
likely to expand at a moderate pace over the second half of
2007, with growth then strengthening a bit in 2008 to a rate
close to the economy's underlying trend.'' He also said ``core
inflation should edge a bit lower, on net, over the remainder of
this year and next year.''


Read more at Bloomberg Currencies News