The US dollar declined for a second day against the euro after Federal Reserve chairman Ben S. Bernanke said in a speech that mortgage delinquencies will weigh on economic growth.
The US currency fell against the Malaysian ringgit and the Singapore and Taiwan dollars as investors sought out higher- yielding currencies on speculation the Fed will keep interest rates at the lowest in more than three years. The Australian dollar traded near a 24-year high on speculation the country’s central bank will keep borrowing costs at a 12-year high today to curb inflation. The Norwegian krone rose as oil prices rose to a record, boosting the value of the country’s exports. for more click here