Dollar Trades Near Record Low Against Euro on Signs Economy is Weakening

(Bloomberg) -- The dollar traded near a record low
against the euro and a 26-year low versus the British pound on
speculation signs of weakening economic growth will reduce
demand for U.S. assets.

The currency may drop for a third day before reports today
that will probably show the economic outlook is worsening and
manufacturing is slowing. The yen may gain on speculation faster
inflation in China and surging oil prices will prompt investors
to pare so-called carry trades, which involve borrowing in Japan
to buy higher-yielding assets.


Read more at Bloomberg Currencies News