Dollar Falling Against The Euro To The Lowest Level

The dollar has fallen to its lowest levels in more than two and a half years against the euro by uncertainties over the lifting of the Feder...

The dollar has fallen to its lowest levels in more than two and a half years against the euro by uncertainties over the lifting of the Federal Reserve (Central Bank of America ) interest rates again this year and forecasts of tightening the European Central Bank's monetary policy.

The euro amounted to 1.1909 dollars, registering its highest level in the US currency since January January 2015.

In contrast to the political risks and uncertainties of monetary policy that pushed the dollar back down, the euro was supported by expectations that the ECB would eventually abandon its facilitative policy.

The dollar index, which measures the performance of the US currency in front of a basket of six major currencies, approached its lowest level in 15 months at 92.548 and dropped in the latest move of 0.2 percent to 92.833.

The value of the dollar rose slightly compared to the yen and in the latest reading of 110.59 yen It was above its lowest level in more than six weeks at 109.91 yen, which approached Tuesday.