(Bloomberg) -- The dollar traded close to a record
low against the euro before an industry report today that's
forecast by economists to show sales of U.S. existing homes fell
to the lowest in four years.
The dollar index, its value against currencies of six
trading partners, is near the weakest in almost 15 years on
evidence more U.S. consumers are falling behind in their
mortgage payments. The U.S. dollar has slid against 15 of the 16
most-traded currencies this month on concern the worst housing
recession in 16 years is spreading to other areas of the economy.
Read more at Bloomberg Currencies News
low against the euro before an industry report today that's
forecast by economists to show sales of U.S. existing homes fell
to the lowest in four years.
The dollar index, its value against currencies of six
trading partners, is near the weakest in almost 15 years on
evidence more U.S. consumers are falling behind in their
mortgage payments. The U.S. dollar has slid against 15 of the 16
most-traded currencies this month on concern the worst housing
recession in 16 years is spreading to other areas of the economy.
Read more at Bloomberg Currencies News
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