Friday, July 26, 2013

Reuters: US Dollar Report: Dollar index falls to five-week low, euro firms

Reuters: US Dollar Report
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Dollar index falls to five-week low, euro firms
Jul 26th 2013, 08:16

LONDON, July 26 | Fri Jul 26, 2013 4:16am EDT

LONDON, July 26 (Reuters) - The dollar fell to a five-week low against a basket of currencies on Friday as caution that the U.S. Federal Reserve may deliver a downbeat message at next week's policy meeting prompted traders to trim long positions.

Traders cited a Wall Street Journal report that the U.S. central bank may debate changing its forward guidance to emphasise the message it will keep rates low for a long time.

The dollar index fell 0.5 percent on the day to 81.579, its lowest since June 20.

The euro also rose to a five-week peak against the dollar of $1.32975.

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