(Bloomberg) -- The dollar headed for a fourth weekly
gain against the euro, the longest stretch in 15 months, as
traders scaled back expectations for a Federal Reserve interest-
rate cut this year.
The U.S. currency rose this week versus 11 of the 16 most-
active on speculation an existing-home sales report today may
beat economists' forecasts. The dollar strengthened yesterday
after new home sales increased the most in 14 years. The reports
may suggest the housing market is stabilizing, reducing the need
for lower borrowing costs.
Read more at Bloomberg Currencies News
gain against the euro, the longest stretch in 15 months, as
traders scaled back expectations for a Federal Reserve interest-
rate cut this year.
The U.S. currency rose this week versus 11 of the 16 most-
active on speculation an existing-home sales report today may
beat economists' forecasts. The dollar strengthened yesterday
after new home sales increased the most in 14 years. The reports
may suggest the housing market is stabilizing, reducing the need
for lower borrowing costs.
Read more at Bloomberg Currencies News
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