(Bloomberg) -- The dollar rose a fourth straight
day against the euro on speculation reports this week will
provide further evidence the U.S. economy is strong enough not
to warrant a cut in interest rates this year.
The U.S. currency rose against all of its 16 most active
counterparts except Brazil's real after Bank of Cleveland
President Sandra Pianalto said inflation is ``uncomfortably
high.'' The yen rose versus the euro after the Reserve Bank of
New Zealand sold its currency to stem a rally fueled by
investors borrowing cheaply in Japan.
Read more at Bloomberg Currencies News
day against the euro on speculation reports this week will
provide further evidence the U.S. economy is strong enough not
to warrant a cut in interest rates this year.
The U.S. currency rose against all of its 16 most active
counterparts except Brazil's real after Bank of Cleveland
President Sandra Pianalto said inflation is ``uncomfortably
high.'' The yen rose versus the euro after the Reserve Bank of
New Zealand sold its currency to stem a rally fueled by
investors borrowing cheaply in Japan.
Read more at Bloomberg Currencies News
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