Tuesday, July 10, 2007

Dollar Little Changed Against Euro Before Bernanke Speaks on Inflation

(Bloomberg) -- The dollar was little changed against
the euro before Federal Reserve Chairman Ben S. Bernanke speaks
on inflation today.

The dollar gained versus Europe's single currency earlier on
speculation Bernanke will reiterate inflation remains the Fed's
``predominant'' concern. The dollar has traded near a record low
against the euro on views that the European Central Bank will
raise borrowing costs again, while the Fed stays on hold.


Read more at Bloomberg Currencies News

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