Dollar Down on Interest Rates Speculations
The dollar fell today versus several
After Federal Reserve Bank of St. Louis President James Bullard affirmed that interest rates in the United States may not start to be hiked until the beginning of 2012,
Most of analysts remain rather unmotivated regarding the future of the U.S. dollar, as public debt remains high in the country and several other reasons are likely to slow down the recovery in the country compared to other wealthy nations, adding to the pessimism brought today by Bullard’s statements. The dollar is likely to remain under pressure, for an undetermined amount of time.
EUR/USD traded at 1.4943 as of 15:11 GMT from a previous rate of 1.4826 yesterday. USD/JPY remained in neutrality trading at 89.19.
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Earlier News About the US Dollar:
- Dollar Rises on Low Optimism Session (2009-11-17)
- Japan Growth Force Greenback Down (2009-11-16)
- Dollar Down After Significant Rally (2009-11-13)
- Dollar to Fall in 2010 on Record Low Interest Rates (2009-11-11)
- Dollar Rises From Record Low (2009-11-10)