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IPFS News Link • Currencies

Dollar Overboard! Dollar Index Drops in Longest Stretch of Losses Since March

09-12-2009 • Commodity Trader Alert

he Dollar Index fell for a sixth day in its longest losing streak since March as an increase in U.S. consumer sentiment encouraged investors to sell the greenback and buy higher-yielding assets overseas. Sterling rose to a one-month high versus the dollar as U.K. producer prices increased in August. The yen advanced versus most of its major counterparts on speculation China’s recovery will boost the growth of its Asian neighbors and Japan’s exporters will repatriate earnings.

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