Euro and pound remain vigorous

12 March 2010 @ 09:14 am EDT

The U.S. economy released its retail sales showing that they surpassed estimates, yet the dollar is declining as a result of anticipations that the Federal Reserve Bank will leave interest rates near zero throughout most of this year, therefore discouraging investors to buy the dollar. The Dollar Index, which measures strength of the dollar versus six major currencies, is currently traded at 79.90 while recording a high of 80.32 and a low of 79.68.

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