(Bloomberg) -- The dollar was headed for a weekly
gain against the yen and euro before a U.S. government report
that may show inflation accelerated last month, adding to signs
the Federal Reserve is unlikely to cut interest rates.
The currency traded near a 4 1/2 year high against the yen
reached yesterday as the yield spread between two-year
Treasuries and like-dated Japanese debt widened this week to a
four-month high. An index calculated by Credit Suisse based on
the exchange of interest payments suggests the Fed is more
likely to raise than reduce borrowing costs for the first time
since the company started tracking the data almost a year ago.
Read more at Bloomberg Currencies News
gain against the yen and euro before a U.S. government report
that may show inflation accelerated last month, adding to signs
the Federal Reserve is unlikely to cut interest rates.
The currency traded near a 4 1/2 year high against the yen
reached yesterday as the yield spread between two-year
Treasuries and like-dated Japanese debt widened this week to a
four-month high. An index calculated by Credit Suisse based on
the exchange of interest payments suggests the Fed is more
likely to raise than reduce borrowing costs for the first time
since the company started tracking the data almost a year ago.
Read more at Bloomberg Currencies News
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