Dollar Strength Testing Limits Even as Euro Drops on Greek Woes
This article is for subscribers only.
A gauge of the dollar headed for its biggest weekly decline in almost two months amid concern the currency’s strength will persuade the Federal Reserve to push back its first interest-rate increase since 2006.
The greenback weakened against all but two of 16 major peers this week after being unable to sustain a rally Thursday even as a report showed U.S. retail sales increased in May. The euro fell for a second day after Bild reported that Germany’s government is preparing for a Greek default, citing people familiar with the plans.