Dollar Goes Down as Economy Demonstrates Strength

The US dollar extended its fall today as the global economy continues to show robust recovery and on speculations that the Federal Reserve will lag behind other central banks in increasing interest rates.
The Dollar Index dropped 0.2 percent from 72.933 on April 29 to 72.764 as of 11:05 in New York today. The Standard & Poor’s 500 Index rose 0.4 percent and the MSCI World Index went up 0.6 percent. The euro gained 0.5 percent against the dollar.
EUR/USD rose from 1.4808 to 1.4872 today as of 17:05 GMT, while it reached 1.4901 — the highest level since December 2009.

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