Dollar advances on news that Europe’s economy will slow faster |
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The greenback rose to a one-year high against the euro on speculation that Europe’s economy will slow more than in the U.S., prompting the region's central bank ECB to cut interest rates. The U.S. currency climbed for a second day as traders increased bets on a European Central Bank rate reduction before a government report tomorrow that economists say will show industrial production in the euro area shrank. ``The overall drivers of the foreign-exchange markets are positive for the U.S.
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