(Bloomberg) -- The dollar fell to a 26-year low
versus the British pound and approached the weakest level against
the euro on speculation the Federal Reserve will keep borrowing
costs unchanged while other central banks extend their increases.
The U.S. currency also declined the most in more than three
months versus the yen after terrorists targeted central London
and Glasgow, Scotland, prompting investors to pare holdings of
riskier assets such as equities and emerging-market assets funded
by loans in Japan, a practice known as the carry trade.
Read more at Bloomberg Currencies News
versus the British pound and approached the weakest level against
the euro on speculation the Federal Reserve will keep borrowing
costs unchanged while other central banks extend their increases.
The U.S. currency also declined the most in more than three
months versus the yen after terrorists targeted central London
and Glasgow, Scotland, prompting investors to pare holdings of
riskier assets such as equities and emerging-market assets funded
by loans in Japan, a practice known as the carry trade.
Read more at Bloomberg Currencies News
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