Dollar Trades Near Six-Week High; Reports May Keep Federal Reserve on Hold

(Bloomberg) -- The dollar traded near a six-week
high against the euro on speculation housing and job reports
this week will ease pressure on the Federal Reserve to reduce
interest rates this year.

The U.S. currency last week reached the strongest in three
months versus the yen as traders cut bets the Fed will lower
borrowing costs from 5.25 percent. U.S. reports this week may
show consumer confidence increased, employment growth
accelerated and home sales gained.


Read more at Bloomberg Currencies News