Dollar Hits Two Month Low Against Currency Basket Euro

The US dollar fall to a two-month low against present currency basket of the euro after reports of a weaker economic outlook added to investors’ worries about a US recovery and Federal Reserve minutes heightened concerns about the outlook for the U.S. economy, the euro rose Friday above the psychologically key 1.30 dollar mark.

Euro Dollars – Europe Crisis in Rescue for Greece Bringing Euro to New Normal

Europe’s debt crisis will depress the euro still further after it declined to the lowest level since 2006, according to UBS AG and BNP Paribas SA. For years to come.