(Bloomberg) -- The dollar may extend gains from near an all-time low against the euro on bets the Federal Reserve will maintain its outlook for moderate inflation and growth, reducing the likelihood of interest-rate cuts this year.
The dollar yesterday advanced the most in two months against the euro as investors reduced risk before two consecutive days of central bank announcements. Traders expect the Fed to hold its key rate steady today and European Central Bank President Jean- Claude Trichet tomorrow to signal a June boost in borrowing costs.
Read more at Bloomberg Currencies News
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