(Bloomberg) -- The Federal Reserve's trade-weighted
dollar index this week fell to the lowest since its inception in
1971 on speculation slowing U.S. economic growth will stop the
Federal Reserve from raising interest rates.
``Breaking through those levels marks a new stage of the
week dollar trend,'' said Koji Fukaya, senior currency
strategist in Tokyo at Deutsche Securities. ``The dollar's
depreciation may further accelerate.''
Read more at Bloomberg Currencies News
dollar index this week fell to the lowest since its inception in
1971 on speculation slowing U.S. economic growth will stop the
Federal Reserve from raising interest rates.
``Breaking through those levels marks a new stage of the
week dollar trend,'' said Koji Fukaya, senior currency
strategist in Tokyo at Deutsche Securities. ``The dollar's
depreciation may further accelerate.''
Read more at Bloomberg Currencies News
No comments:
Post a Comment