The federal currency fell against a basket of currencies following the release of U.S. growth data, which showed an expansion rate lower than the expected. The world's leading economy expanded by 3.2 percent, compared with market's expectations of 3.5% and the previous 2.6 percent.
The index which track's the performance of the dollar against six-majors, showed that the currency fell on a daily basis to trade at 77.78, compared with the opening levels of 77.80 where the index reached the highest at 77.95 and the lowest at 77.61.
Barclays Capital's head of Group-of-10 currency trading said that the dollar would depreciate even further, due to low rates and increasing output exports in the U.S. In addition, the QE2 presented by the Fed earlier in November will increase liquidity and place downside pressures on the dollar to fall further.
Lack of fundamentals from Europe and disappointing growth figures from the US failed influence the European shared currency; where the EUR/USD pair opened trading at 1.3730, to drop slightly and trade at 1.3695. The pair reached the highest at 1.3745 and the lowest at 1.3677.
The pair's trading is bounded today between the support at 1.3655 and the resistance at 1.3800.
The pound fell against most of its 16-major counterparts as consumer confidence dropped in the Royal country to the most in more than 17-years. The GFK Consumer Confidence dropped to 8.0 in December from the previous 29.0, the lowest since March 2009.
The pound traded lower against the dollar, reaching 1.5907, compared with the opening levels of 1.5929, where it managed to reach the highest at 1.5965 and the lowest at 1.5851.
The pair's trading will be bounded today between the support at 1.5740 and the resistance at 1.6055.
As for the dollar's performance against the Japanese yen fell on the daily basis, to trade at 82.39, compared with the opening levels of 82.87 where it reached the highest at 82.92 and the lowest at 82.04.
The pair's trading is bounded by the support at 81.95 and the resistance at 83.10.