(Bloomberg) -- The dollar fell for a second day against the euro before reports this week that will probably show a dip in sales at U.S. wholesalers and retailers, adding to signs the world's largest economy is slowing.
The Federal Reserve may show greater concern about a U.S. downturn at a policy meeting this week, reinforcing the case for an interest-rate cut this year. The U.S. currency was also weaker against the euro as traders bet on higher European borrowing costs in June and after Nicolas Sarkozy, who favors lowering taxes to spur growth, won the French presidential election.
Read more at Bloomberg Currencies News
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