Dollar Falls as Talks About Quantitative Easing Intensifies

The US dollar fell against all other most-traded currencies today as the speculation that the bonds buying program of the Federal Reserve would weaken the US currency increased the demand for the riskier assets.

The dollar slipped after the policy makers asked the investors and the dealers about their projections of the asset purchases over the next six months. The Dollar Index, tracking the greenback versus the currencies of the six major US trading partners, fell 0.6 percent to 77.698 after touching yesterday 78.273, the highest level since October 20th.

EUR/USD rose from 1.3767 to 1.3909 as of 14:10 GMT today.

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