Dollar Weakens on News US Expected to Trail G7

The dollar fell to $1.4871 per Euro by mid-morning trading in New York today compared to $1.4861 at yesterday’s close. At one point, the dollar fell to $1.4917 – its weakest level since October 27th on speculation that the US will trail most of the G7 in growth recovery, forcing the US to maintain economic stimulus spending longer.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.