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User Info Dollar 6-mo. low against euro: the ugliest girl at the dance in forum [FX]
Drench
Posts: 28631
Incept: 2009-11-10
Green
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Quote:
The greenback declined for the third consecutive week against the euro to a six-month low as rhetoric from the Fed damped demand for U.S. assets.
Quote:
“The dollar seems to be the ugliest girl at the dance,” said Lane Newman, director of foreign exchange at ING Groep NV in New York. “The main catalyst for dollar weakness would be communication from the Federal Open Market Committee this week that quantitative easing is on the table and the euro has gone from the worst currency to own to the best on the back of ‘anything but the big dollar.’”
http://www.bloomberg.com/news/2010-10-02....
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