Dec. 1 (Bloomberg) -- The dollar fell against the yen before U.S. reports this week that may show manufacturing contracted and employers cut jobs by the most since 2001 as the recession deepens.
The euro declined against the dollar and the yen as traders bet the European Central Bank will reduce borrowing costs this week in response to the recession. The Australian and New Zealand dollars weakened as economists forecast policy makers in both countries will lower interest rates this week as the economic outlook deteriorates.
“People may look more closely at the U.S. economy, so there’s some scope for dollar depreciation,” said Akio Shimizu … to read the full article please follow this link:
Online Currency | Dollars-Yen-Euros-Pounds
Courtesy: Bloomberg.com
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