Dollar index falls to 15-month low

Mon Nov 9, 2009 9:42am EST
 
[-] Text [+]

NEW YORK, Nov 9 (Reuters) - The U.S. dollar index, which measures the value of the dollar against a basket of six currencies, fell to a 15-month low on Monday, after a weekend G20 meeting and U.S. jobs data last week did little to change the outlook that U.S. interest rates will stay low for some time.

The dollar index .DXY was last down 1.1 percent at 75.001 after going as low as 74.930, the lowest since August 8, 2008. (Reporting by Nick Olivari; Editing by Theodore d'Afflisio)

 

Featured Broker sponsored link

Analysis

Sheikh Mohammed bin Rashid al-Maktoum (C), Ruler of Dubai and United Arab Emirates' Vice President, attends the opening ceremony of Metro Dubai September 9, 2009.  REUTERS/Dubai Ruler Media Office/Handout
"Dubai model" was the vision of one man

The "Dubai model" -- building shining cities in the desert at breakneck speed through the import of foreign residents, finance and labor -- is now on the ropes.  Full Article