I see your point. from bloomberg today:
“With the Fed cutting rates and the ECB on hold, U.S. assets will become less attractive,” said Greg Salvaggio, vice president of capital markets at currency-trading company Tempus Consulting in Washington. “That’s weighing on the dollar.”
The dollar fell to $1.3798 per euro at 1:03 p.m. in New York, after earlier touching $1.3816, the lowest since Aug. 9, from $1.3768 on Sept. 7. That compares with the record low of $1.3852 reached July 24. The U.S. currency bought 113.37 yen, from 113.38. The euro traded at 156.46 yen, from 156.10.
Salvaggio forecasts the dollar may fall to $1.42 per euro by year-end.
The U.S. dollar index comparing the currency with its six primary peers, including the pound and yen, fell to as low as 79.788, the weakest in 15 years, from 79.959 on Sept. 7.
“The dollar has gone from being a safe-haven currency to a U.S.-centric currency,” said Mitul Kotecha, head of currency strategy at Calyon London.
