Thursday, June 28, 2007

Dollar Little Changed Versus Euro on Slowing Economic Growth in the U.S.

(Bloomberg) -- The dollar was little changed versus
the euro after a government report showed the U.S. economy grew
at the slowest pace in four years during the first quarter.

Federal Reserve policy makers conclude a two-day meeting
today and are forecast to keep U.S. borrowing costs unchanged at
5.25 percent. The Fed's interest-rate announcement and
accompanying statement on the outlook for inflation and growth
will be released at 2:15 p.m. Washington time.


Read more at Bloomberg Currencies News

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