The U.S. dollar has been under pressure for weeks as market watchers continue to ratchet up their expectations the Fed will use quantitative easing to add more monetary stimulus to the U.S. economyAnd don't look too favorably at that Euro statement. Greece isn't over, and Portugal, Spain and Ireland are right behind them.
With little of that changed Monday, there has been more selling of the U.S. dollar, which hit another 15-year low against the yen and traded near an eight-month low against the euro.
Sunday, October 10, 2010
What would you call a policy that leads to a 15-year-low? WORLD FOREX: US Dollar Pressure Continues, Hits New 15-Year Low Against Yen - WSJ.com
Posted by Zendo Deb at 10/10/2010 11:43:00 PM