(Bloomberg) -- The dollar declined against the yen
after a U.S. report showed pending home sales in May unexpectedly
declined.
Signs of a slowdown in growth may boost speculation the
Federal Reserve might cut borrowing costs this year, dimming the
allure of dollar-denominated assets. A separate report showed
factory orders declined during May.
Read more at Bloomberg Currencies News
after a U.S. report showed pending home sales in May unexpectedly
declined.
Signs of a slowdown in growth may boost speculation the
Federal Reserve might cut borrowing costs this year, dimming the
allure of dollar-denominated assets. A separate report showed
factory orders declined during May.
Read more at Bloomberg Currencies News
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