Dollar Falls to Record Low Versus Euro as Fed Signals Rate Cuts
March 1 (Bloomberg) -- The dollar fell to the weakest ever against the euro and to a three-year low versus the yen after Federal Reserve officials signaled they will keep cutting interest rates to support the economy.
March 1 (Bloomberg) -- The dollar fell to the weakest ever against the euro and to a three-year low versus the yen after Federal Reserve officials signaled they will keep cutting interest rates to support the economy.
Dollar: It will only get worse
NEW YORK (CNNMoney.com) -- Despite all the pain the U.S. dollar has endured in recent days, the greenback may still have further to fall before seeing any sort of relief, according to currency experts.
Driving much of the dollar's decline this week were tepid remarks about the U.S. economy by Federal Reserve Chairman Ben Bernanke, who hinted that the central bank would cut interest rates once again at the Fed's March meeting.
No rescue expected for weak dollar
LONDON: Currencies will be in full focus on financial markets this week, following the dollar's drubbing of recent days, yet anyone hoping for help from policy makers to shore up the ailing
U.S. currency is likely to be disappointed.
Crucial meetings of European Union finance ministers and those who set interest rates for the European Central Bank are expected to do little to shift the status quo, while the U.S. Federal Reserve Board appears set on cutting rates again this month.
The "Dollar Is Doomed side of the boat is filling up fast. This is the first sign that the Dollar's cliff jump from 75 may soon find support. Though fleeting, this support could slow the Precious Metals trip to the Moon and Beyond...but only briefly.
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