(Bloomberg) -- The dollar fell the most in almost a
month against the euro, trading within a cent of its record low,
after U.S. reports showed slowdowns in payroll growth and service
industries.
The U.S. currency also declined versus the yen and pound as
speculation rose that the Federal Reserve will cut interest rates
by year-end, trading in futures contracts show. The yen gained
after investors sold higher-yielding assets funded by loans in
Japan amid concern over losses from U.S. subprime mortgages.
Read more at Bloomberg Currencies News
month against the euro, trading within a cent of its record low,
after U.S. reports showed slowdowns in payroll growth and service
industries.
The U.S. currency also declined versus the yen and pound as
speculation rose that the Federal Reserve will cut interest rates
by year-end, trading in futures contracts show. The yen gained
after investors sold higher-yielding assets funded by loans in
Japan amid concern over losses from U.S. subprime mortgages.
Read more at Bloomberg Currencies News
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