Dollar Weakens On the Euro and Yen

The U.S. dollar weakened against a number of major world currencies. As evidence, the Dollar Index is used to measure the movement of the dollar against six currencies into U.S. trading partner, fell by 0.7 percent to 75.423. Even in previous transactions, the dollar index was inundated up to 1 percent, which is the biggest daily decline since August 15 last.

On Wednesday (09/07/2011) at 17:00 New York time, the euro rose 0.7 percent to 1.4098 U.S. dollars. The euro is also strong 0.2 percent against the yen to 108.90 yen. Meanwhile, the dollar fell 0.5 percent to 77.26 yen.