U.S. Dollar Drops to 27-Month Low Against Euro Amid Talk of Fed Rate Cut

(Bloomberg) -- The dollar dropped to a 27-month low against the euro as signs of slowing inflation and growth lessen the currency's appeal.

The U.S. currency also tumbled to the weakest against the British pound in 26 years as investors bet the Federal Reserve will cut borrowing costs later this year while the European Central Bank and Bank of England raise rates. The dollar dropped this week against 14 out of 16 most actively traded currencies tracked by Bloomberg.


Read more at Bloomberg Currencies News