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China pushes U.S. dollar lower... at new 14-month low
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Monday, October 26, 2009
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By Daily Crux Editor Justin Brill:

The U.S. dollar is at a fresh 14-month low this morning. Thank China. The FT reports:

The dollar dropped to a fresh 14-month low against the euro on Monday after the People’s Bank of China suggested that, while the dollar should remain dominant, the share of the euro and the yen should increase in its foreign exchange reserves.

The dollar has broken the important $1.50 level against the euro. Cancel that European vacation.

Read full article…

More on the U.S. dollar:

Paul Krugman is either crazy or on drugs

The White House's secret plan for the dollar

Crumbling U.S. dollar shoots crude oil higher

Topics: US dollar | China | Cruxallaneous
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