(Bloomberg) -- The dollar may fall versus the euro
before a speech on inflation by Federal Reserve Chairman Ben S.
Bernanke, who might say rising prices are still a concern.
The euro has gained 1.3 percent versus the dollar since the
Fed left benchmark interest rates at 5.25 percent for an eighth
meeting on June 28 when it said a moderation in inflation hasn't
been ``convincingly demonstrated.'' European Central Bank
President Jean-Claude Trichet signaled on July 5 the bank is
ready to add to its eight interest-rate increases since 2005.
Read more at Bloomberg Currencies News
before a speech on inflation by Federal Reserve Chairman Ben S.
Bernanke, who might say rising prices are still a concern.
The euro has gained 1.3 percent versus the dollar since the
Fed left benchmark interest rates at 5.25 percent for an eighth
meeting on June 28 when it said a moderation in inflation hasn't
been ``convincingly demonstrated.'' European Central Bank
President Jean-Claude Trichet signaled on July 5 the bank is
ready to add to its eight interest-rate increases since 2005.
Read more at Bloomberg Currencies News
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