Forex Blog

November 5, 2009

Dollar Weakens on News US Expected to Trail G7

The dollar fell to $1.4871 per Euro by mid-morning trading in New York today compared to $1.4861 at yesterday’s close. At one point, the dollar fell to $1.4917 – its weakest level since October 27th on speculation that the US will trail most of the G7 in growth recovery, forcing the US to maintain economic stimulus spending longer.

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Powered by Efacilitators Hosting