Hi, guys! The Dollar dropped yesterday as US data showed fall in inflation.

An analyst, Roger Cole, director of banking supervision and regulation at the Federal Reserve Board, said: "Risk is alive and well. There is a lot of it. We have injected a massive amount of liquidity into the system, and I think that is showing up in short-term availability of credit. That's not to say the market markets are without their challenges. Clearly we're in a period of financial change, substantial risk aversion and liquidity pressures which are having a real economic impact."

The dollar dropped 1.4 percent to 94.40 yen at 9:25 a.m. in New York, from 95.73 yesterday. The euro declined 0.8 percent to 118.66 yen from 119.55. The euro increased 0.6 percent to $1.2568 from $1.2489.

Cheers!

Clever111

The dollar should continue to rise in value against most currencies because the US is the most secure nation to have investments in..especially at this time.

__________________
FX AutoMoney

FX Brotherhood

Make Money in 10 Minutes!

Earn $2,000+ per week!

Start Today