August 4, 2010 Reading Time: < 1 minute

“The dollar traded near an eight-month low against the yen on speculation the Federal Reserve will take more credit easing measures to revive its flagging economic recovery, diminishing the appeal of U.S. assets.

The greenback was close to its lowest level in three months versus the euro before a U.S. report today that economists said will show service industries expanded at the weakest pace since February.” Read more.

 “Dollar Near Eight-Month Low on Speculation Fed to Ease Further”
San Francisco Chronicle, August 4, 2010.
Image by jscreationzs / FreeDigitalPhotos.net.

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