(Bloomberg) -- The dollar fell to a record against
the euro and declined versus the yen on speculation a slumping
housing market will slow the U.S. economy more than expected.
The U.S. currency also weakened against the Swiss franc,
British pound and Danish krone after Standard & Poor's warned it
may cut ratings on $12 billion of bonds backed by subprime
mortgages, diminishing the appeal of dollar-denominated assets.
Futures show traders expect the Federal Reserve to keep
borrowing rates steady through the end of the year.
Read more at Bloomberg Currencies News
the euro and declined versus the yen on speculation a slumping
housing market will slow the U.S. economy more than expected.
The U.S. currency also weakened against the Swiss franc,
British pound and Danish krone after Standard & Poor's warned it
may cut ratings on $12 billion of bonds backed by subprime
mortgages, diminishing the appeal of dollar-denominated assets.
Futures show traders expect the Federal Reserve to keep
borrowing rates steady through the end of the year.
Read more at Bloomberg Currencies News
No comments:
Post a Comment