(Bloomberg) -- The dollar traded near a record low
against the euro and the least in 26 years versus the British
pound as investors favor currencies of countries where interest
rates are more likely to rise.
The dollar has slid against nine of the 10 most-traded
currencies since June 28 when the Federal Reserve kept its
borrowing costs unchanged for an eighth straight meeting. The
Bank of England is forecast to raise rates while the European
Central Bank may signal increases on July 5.
Read more at Bloomberg Currencies News
against the euro and the least in 26 years versus the British
pound as investors favor currencies of countries where interest
rates are more likely to rise.
The dollar has slid against nine of the 10 most-traded
currencies since June 28 when the Federal Reserve kept its
borrowing costs unchanged for an eighth straight meeting. The
Bank of England is forecast to raise rates while the European
Central Bank may signal increases on July 5.
Read more at Bloomberg Currencies News
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