(Bloomberg) -- The dollar was near a record low
versus the euro and the weakest in 26 years against the pound
before two European central bank policy meetings tomorrow.
The Bank of England is forecast to raise borrowing costs
while the European Central Bank may signal future increases to
tame inflation. The dollar has dropped 3 percent against the euro
and 2.9 percent versus the pound this year on bets the Federal
Reserve will keep interest rates unchanged, dimming the allure of
U.S. assets relative to those in the euro region and U.K.
Read more at Bloomberg Currencies News
versus the euro and the weakest in 26 years against the pound
before two European central bank policy meetings tomorrow.
The Bank of England is forecast to raise borrowing costs
while the European Central Bank may signal future increases to
tame inflation. The dollar has dropped 3 percent against the euro
and 2.9 percent versus the pound this year on bets the Federal
Reserve will keep interest rates unchanged, dimming the allure of
U.S. assets relative to those in the euro region and U.K.
Read more at Bloomberg Currencies News
1 comment:
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