Dollar Drops to One-Month Low Against Euro on Outlook for Interest Rates

(Bloomberg) -- The dollar fell to the lowest level in
more than a month against the euro and dropped against the yen on
speculation the Federal Reserve will keep borrowing costs
unchanged while other central banks extend their increases.

Investors also sold the U.S. currency amid concern losses
from the subprime mortgage sector may weigh on the broader
economy, dimming the allure of dollar-denominated assets. Reports
this week are forecast to show U.S. job growth slowed last month
while a gauge of the service sector declined.


Read more at Bloomberg Currencies News

German Consumer Confidence, U.S. Home Sales, Fed Rates: Europe Week Ahead

(Bloomberg) -- Reports on German consumer
confidence, U.S. home sales and the Federal Reserve's decision on
interest rates may move stock markets in Europe next week.

``With a flurry of economic data to be released next week,
inflation will be the main topic,'' said Juergen Lukasser, who
helps manage $20 billion as head of equities at Constantia
Privatbank AG in Vienna. ``Investors will look very closely at
the housing data from the U.S.''


Read more at Bloomberg Stocks News