(Bloomberg) -- The dollar traded near a record low
versus the euro before U.S. government reports this week that
may show slowing consumer prices and a decline in home building.
The dollar dropped 1.1 percent against the euro last week
on concern that weakness in the U.S. housing market will curb
growth and force the Federal Reserve to lower interest rates.
Fed Chairman Ben S. Bernanke may address the housing slump in
his semi-annual testimony before the House Financial Services
Committee on July 18.
Read more at Bloomberg Currencies News
versus the euro before U.S. government reports this week that
may show slowing consumer prices and a decline in home building.
The dollar dropped 1.1 percent against the euro last week
on concern that weakness in the U.S. housing market will curb
growth and force the Federal Reserve to lower interest rates.
Fed Chairman Ben S. Bernanke may address the housing slump in
his semi-annual testimony before the House Financial Services
Committee on July 18.
Read more at Bloomberg Currencies News
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