(Bloomberg) -- The dollar traded near its lowest in
two weeks against the euro before a report today that's likely
to show the pace of existing home sales fell last month to the
slowest in almost four years.
The currency may add to last week's losses against the euro
on concern a slump in housing will spread to other areas of the
economy, reducing demand for U.S. assets from international
investors. The yield advantage of U.S. two-year Treasuries over
equivalent German debt narrowed to the least in 2 1/2 years.
Read more at Bloomberg Currencies News
two weeks against the euro before a report today that's likely
to show the pace of existing home sales fell last month to the
slowest in almost four years.
The currency may add to last week's losses against the euro
on concern a slump in housing will spread to other areas of the
economy, reducing demand for U.S. assets from international
investors. The yield advantage of U.S. two-year Treasuries over
equivalent German debt narrowed to the least in 2 1/2 years.
Read more at Bloomberg Currencies News
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