The dollar had another severe fall today declining to the lowest level in 2009 versus the euro as the Federal Reserve has not yet made any statements against the current decline for the nation’s currency, setting the greenback to a new bottom that may be extended further towards the end of the year.
The influential Federal Open Market Committee meeting minutes held this month were published today, in which no concerns regarding the dollar’s current decline were mentioned, creating more pessimism towards the U.S. currency that broke several record lows, trading for the first time in parity with the Swiss Franc since April 2008, and also losing drastically to the euro, to the lowest rate in 15 months and versus the Aussie dollar, which gained consistently as the interest rate hikes outlook for the South Pacific nation remains the most positive in the world, as the economy surges.
After the Federal Reserve declarations regarding the greenback rates, a massive sell off occurred in markets as a natural response of the central bank passive position, according to analysts. Even if the economic recovery is happening in the U.S. and globally, the dollar doesn’t have the same appeal it had before the global slump, and in case it happens, it won’t be a surprise to see this decline to be extended.
EUR/USD traded at 1.5083 as of 13:09 GMT from a previous rate of 1.4953 in the intraday. USD/CHF traded at 1.0000 from 1.0116.
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