Thursday, February 23, 2012

US Dollar Down Against the Euro, Flat Versus the Yen

The downward trend of the dollar continues.

The U.S. dollar slipped against the euro and some other currencies during Asian hours Thursday to give back some of the previous day's gains ahead of a data release on German business conditions. The common currency /quotes/zigman/4867933/sampled EURUSD +0.32% was fetching $1.3260 from $1.3246 in late North American trade Wednesday.

U.S. dollar slips against euro, flat versus yen - MarketWatch

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Breaking US Dollar Collapse News

What's Behind the Decline of the US Dollar?

This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011
Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.