Friday, May 22, 2009

Dollar Hits Five-Month Low

The dollar has dropped to a five-month low against a basket of currencies, today.

The dollar index, which tracks its value against a basket of six major currencies, dropped 0.2 per cent to a fresh low for the year of 80.349.

The dollar also fell 0.4 per cent to a five-month low of $1.3941 against the euro, eased 0.1 per cent to a six-month low of $1.5839 against the pound and lost 0.2 per cent against the yen.

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