(Bloomberg) -- The dollar traded near a record low
against the euro before U.S. central bank report today that will
probably show a manufacturing slowdown, adding to speculation the
Federal Reserve will lower interest rates.
The U.S. currency also may decline for a third day against
the yen after Iran last week asked Japanese refiners to use their
own currency to pay for crude oil purchases. Iran's request is
``effective immediately,'' according to a letter dated July 10
and obtained by Bloomberg News. Iran's central bank in March said
it was cutting its U.S. dollar reserves.
Read more at Bloomberg Currencies News
against the euro before U.S. central bank report today that will
probably show a manufacturing slowdown, adding to speculation the
Federal Reserve will lower interest rates.
The U.S. currency also may decline for a third day against
the yen after Iran last week asked Japanese refiners to use their
own currency to pay for crude oil purchases. Iran's request is
``effective immediately,'' according to a letter dated July 10
and obtained by Bloomberg News. Iran's central bank in March said
it was cutting its U.S. dollar reserves.
Read more at Bloomberg Currencies News
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