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The U.S. dollar is under assault. It now takes $1.51 just to get 1 euro - that's the first time that's happened since the euro launched nine years ago. And it's not just the euro riding high. The dollar is hitting record lows against several of the world's major currencies. A slowing U.S. economy is forcing the Federal Reserve to cut interest rates at a time when other central banks are holding rates steady. That makes the dollar less attractive on the global investment stage. Ashraf Laidi, chief foreign exchange strategist with CMC Markets. SOUNDBITE: Ashraf Laidi, chief foreign exchange strategist, CMC Markets (english) saying: "If the dollar really takes another big tumble like we are seeing here, where we like to call it - the tipping point for the currencies here - that will also really erode an overall confidence in investing in US assets and may get central banks to look into other alternatives." The record low for the U.S. dollar is...
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Dollar at record lows

The U.S. dollar is under assault. It now takes $1.51... (more)
Channel:Mediascrape Category:Business Views:19
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