(Bloomberg) -- The dollar traded near a record low
against the euro before U.S. reports that are forecast to show
manufacturing is slowing and the economic outlook is worsening.
The dollar weakened against nine of the 10 most-actively
traded currencies before Federal Reserve Chairman Ben S.
Bernanke's second day of testimony on the economy to Congress.
The U.S. currency declined yesterday after the Fed trimmed
growth forecasts for this year and next, and Bernanke predicted
home sales would be ``sluggish for a time.''
Read more at Bloomberg Currencies News
against the euro before U.S. reports that are forecast to show
manufacturing is slowing and the economic outlook is worsening.
The dollar weakened against nine of the 10 most-actively
traded currencies before Federal Reserve Chairman Ben S.
Bernanke's second day of testimony on the economy to Congress.
The U.S. currency declined yesterday after the Fed trimmed
growth forecasts for this year and next, and Bernanke predicted
home sales would be ``sluggish for a time.''
Read more at Bloomberg Currencies News
No comments:
Post a Comment