(Bloomberg) -- The dollar may extend its rebound
from a record low against the euro and a 26-year low versus the
pound on a government report forecast to show the U.S. economy
is accelerating.
The U.S. currency has lost 1.3 percent versus the euro and
2.2 percent against the pound this month on speculation subprime
mortgage losses will slow the world's biggest economy. The
government is forecast to say tomorrow that second-quarter gross
domestic product increased the most in more than a year.
Read more at Bloomberg Currencies News
from a record low against the euro and a 26-year low versus the
pound on a government report forecast to show the U.S. economy
is accelerating.
The U.S. currency has lost 1.3 percent versus the euro and
2.2 percent against the pound this month on speculation subprime
mortgage losses will slow the world's biggest economy. The
government is forecast to say tomorrow that second-quarter gross
domestic product increased the most in more than a year.
Read more at Bloomberg Currencies News
No comments:
Post a Comment