Dollar May Fall to Record Versus Euro as Housing, Credit Concerns Spread

(Bloomberg) -- The dollar may decline to another
record low against the euro as concern increases that a
worsening U.S. housing market will spur tougher lending
practices and erode demand for riskier assets.

The U.S. currency may drop for a fourth day versus the yen
for the first time in more than a month on an industry report
today forecast by economists to show sales of existing homes
fell to the lowest in four years. The yen's gains may be limited
before a report on July 27 forecast to show Japan's core
consumer prices probably fell for a fifth straight month.


Read more at Bloomberg Currencies News