(Bloomberg) -- The dollar weakened against the euro
and yen before a speech on inflation by Federal Reserve Chairman
Ben S. Bernanke, who may reiterate concern about rising prices.
The U.S. currency traded less than a cent away from a
record low against the euro reached in April as the extra yield
investors earn on Treasuries over German bunds is near the
lowest in 2 1/2 years. Futures traders are betting the Fed will
keep interest rates at 5.25 percent this year, while the
European Central Bank is expected to lift rates at least once.
Read more at Bloomberg Currencies News
and yen before a speech on inflation by Federal Reserve Chairman
Ben S. Bernanke, who may reiterate concern about rising prices.
The U.S. currency traded less than a cent away from a
record low against the euro reached in April as the extra yield
investors earn on Treasuries over German bunds is near the
lowest in 2 1/2 years. Futures traders are betting the Fed will
keep interest rates at 5.25 percent this year, while the
European Central Bank is expected to lift rates at least once.
Read more at Bloomberg Currencies News
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