Federal currency extends losses

23 November 2009 @ 06:00 am EDT

The dollar weakened in the markets on anticipations that the Federal Reserve Bank will continue their stimulus packages while leaving interest rates at record low. Based on the speculations, caused the dollar to lose strength in the markets versus major currencies as investors were disappointed by the outlook of the U.S. economy. The Dollar Index, which usually gauges strength of the dollar versus six major currencies, is currently traded at 75.07 while recording a high of 75.70 and a low of 75.03.

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