ANALYSIS: Economic worries push dollar index lower, may fall below 100 mark‘’
U.S. economic anxiety pushed the dollar down to a five-month low against a basket of major currencies today, according to Gold Ten. The dollar index touched its lowest level since mid-October, at one point falling 0.5 per cent to 103.329. analyst Brad Becher at Jefferies told clients, ‘We know the set-up here, US growth concerns take us [the US index] down to 100 and inflation concerns take us back up to 108.’
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