Dollar Falls Most in Two Months on U.S. Jobless Rate, ECB View

June 7 (Bloomberg) -- The dollar fell the most against the euro in two months as the U.S. unemployment rate posted its biggest increase in two decades and the European Central Bank signaled it may raise interest rates in July.

The U.S. currency weakened this week as ECB President Jean- Claude Trichet said policy makers are in a state of ``heightened alertness'' over inflation. His remarks pushed the dollar down from a four-week high touched after Fed Chairman Ben S. Bernanke said the central bank is ``attentive'' to the implications of the weakened currency. Crude oil surged to a record.

Source: Bloomberg


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