(Bloomberg) -- The dollar headed for a second
monthly decline against the euro before a U.S. government report
today that economists predict will show slowing consumer
spending growth.
The U.S. currency was weaker against 15 of the 16 most-
actively traded currencies on prospects that a U.S. economic
slowdown and a slump in corporate debt may prompt the Federal
Reserve to lower interest rates. The yield spread between
benchmark two-year U.S. and German bonds narrowed last week to
the least since November 2004.
Read more at Bloomberg Currencies News
monthly decline against the euro before a U.S. government report
today that economists predict will show slowing consumer
spending growth.
The U.S. currency was weaker against 15 of the 16 most-
actively traded currencies on prospects that a U.S. economic
slowdown and a slump in corporate debt may prompt the Federal
Reserve to lower interest rates. The yield spread between
benchmark two-year U.S. and German bonds narrowed last week to
the least since November 2004.
Read more at Bloomberg Currencies News
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