美元

DOLLAR'S FALL REFLECTS LOSS OF HAVEN APPEAL

Increasing confidence that the world might be past the worst of its economic and financial woes has been good for many assets in recent weeks – equities, corporate bonds, and commodities – but it has certainly not favoured one asset, namely, the dollar.

The US currency has fallen 10 per cent since it hit a three-year high on a trade-weighted basis in March. This week it reached its lowest point against a basket of currencies since December.

Some pundits expect the dollar's woes to continue.

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