Forex | Forex | The U.S. dollar drops for the third day (13/08/2009 10:37:35)

The U.S. dollar drops for the third day

The green currency extended its losses, for the third day, against a basket of major currencies; as indicated by the dollar index, which tracks the dollar movement versus a basket of major currencies. The dollar weakened today, as a continuation of yesterday's announcement by the FOMC, which gave hopes, sapping demand on lower-yielding assets and thereby causing a decline in the dollar and yen. The dollar index is now at 78.52, compared with yesterday's closing at 78.88. In regards to the


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