The Bottom Line
The U.S. dollar fell to an all-time low against the euro, and also weakened against 14 other of the 16 most-active currencies . . .
The U.S. dollar fell to an all-time low against the euro, and also weakened against 14 other of the 16 most-active currencies, ahead of Federal Reserve Chairman Ben Bernanke’s testimony before Congress today. Traders are betting that Bernanke will support a further cutting of interest rates, already at a three-year low. “We’re going into a new leg of dollar weakness,” said Tony Morriss at Australia & New Zealand Banking Group Ltd. (Bloomberg)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- Why the West should let Russia have eastern Ukraine
- The dangers of our passionless American life
- What would a U.S.-Russia war look like?
- The amazing resurrection of Mitt Romney
- Why you should stop believing in evolution
- 7 grammar rules you really should pay attention to
- The real reason conservatives should be outraged that police killed a white youth
- 4 strategies for organizing your money, based on your personality
- The essential techniques that every home cook should know
- Even critics of the euro didn't see this coming
Subscribe to the Week