Dollar At One-Week High As Report May Show Rebound In Housing

Date March 26, 2007

The dollar traded at a one-week high against the euro before a U.S. report forecast to show sales of new homes in February rebounded from a three-month low.
Strength in the housing market may reduce speculation that the Federal Reserve will cut interest rates. The U.S. currency recovered from a two-year low last week after [...]

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