Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Dollar Hits 2009 Low

Credit rating fears send greenback falling against pound, euro

By Jason Farago,  Newser Staff

Posted May 22, 2009 6:48 AM CDT
Email

(Newser) – The dollar fell to its lowest level of the year today as investors grew nervous that the US could lose its triple-A credit rating, Reuters reports. The greenback declined to $1.39 against the euro and $1.58 against the pound, echoing similar drops across the world. Yesterday, Moody's said it was not changing America's AAA rating, but one foreign exchange strategist said, "It's hard to imagine a sharp reversal of the dollar's trend."

The euro rose to $1.39 today as investors grew nervous about the credit worthiness of the United States.
The euro rose to $1.39 today as investors grew nervous about the credit worthiness of the United States.   (Flickr)
Moody's said it was comfortable with its triple-A rating for the United States, but left open the possibility of a downgrade.
Moody's said it was comfortable with its triple-A rating for the United States, but left open the possibility of a downgrade.   (Flickr)
The dollar fell to its lowest point this year against a basket of major currencies.
The dollar fell to its lowest point this year against a basket of major currencies.   (Flickr)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

As investors get riskier, the dollar retreats
Wall Street Journal

 
currency • exchange rate • pound • euro • US dollar • weak dollar • Triple-A credit rating • credit rating • Jay-ZTV

More Newser Stories

Dollar Nears 3-Year Low

World Scrambles to Boost Buck

Count the US Dollar Down, But Not Out

Euro Cracks $1.50, Dollar Hits New Lows

Oil States Plot to Ditch Dollar
NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne