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Dollar Set for Biggest Monthly Loss Since 2008 Versus Euro on U.S. Economy

September 29th, 2010
Categories: News, Economic

Link: http://www.bloomberg.com/news/2010-09-29/dollar-is-near-five-month-low-versus-euro-on-fed-debt-purchase-speculation.html

Brian Dolan, chief strategist at FOREX.com, a unit of online currency trading firm Gain Capital in Bedminster, New Jersey, talks about U.S. calls for China to allow its currency to appreciate. The U.S. House of Representatives passed legislation prodding China to raise the value of the yuan, as Democratic lawmakers pressed election-season proposals they said would increase factory employment. Dolan also discusses the outlook for the euro, dollar and yen. He speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
The dollar headed for its biggest monthly loss since 2008 versus the euro as signs the U.S. economy is slowing damped demand for the nation’s assets.

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