Archive for May 4th, 2011

U.S. Dollar Drops to 3-Year Low Against World Currencies


Wednesday May 4th, 2011   •   Posted by David Theroux at 9:55pm PDT   •   2 Comments

Gertrude Chavez-Dreyfuss at Reuters reports in “Dollar tumbles to 3-yr low; data underpins rate view” that: The dollar slumped to a three-year low against major currencies on Wednesday and its outlook darkened further as surprisingly soft economic data underpinned expectations that U.S. interest rates will remain low this year. The greenback also fell to...
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