(Bloomberg) -- The dollar may extend its gain against the euro for a fourth straight day on speculation inflation will discourage the Federal Reserve from reducing borrowing costs later this year.
A Labor Department report today is forecast by economists to show annual wholesale prices excluding food and energy accelerated in April for the first time in four months. The Federal Reserve this week held its benchmark at 5.25 percent, saying inflation remains the ``predominant'' concern.
Read more at Bloomberg Currencies News
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