iBankCoin
Joined Nov 11, 2007
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Danger: Dollar Approaching Fresh New Lows

[youtube:http://www.youtube.com/watch?v=RG0ochx16Dg 450 300]

“The dollar struck its lowest in almost three years against a basket of currencies on Thursday, with market players selling the greenback to buy buoyant risky assets in a move that threatens to drive the dollar index toward its all-time low….The chart outlook for the dollar is looking dire after it tumbled through the 74.17 low touched in November 2009, a move that may spark a run toward the 70.698 all-time low hit in 2008.”

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