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

Hot on Facebook

'Serpent Pastor' Dies of Snake Bite Mack Wolford believed faith compelled him to face the risk »

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

(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... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

'Serpent Pastor' Dies of Snake Bite

Miami Face-Eater Identified

Reuters (Source Grid »)
Bloomberg (Source Grid »)

As investors get riskier, the dollar retreats
Wall Street Journal

Money • Entertainment

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

More Newser Stories

Euro Cracks $1.50, Dollar Hits New Lows

Investors shun low-yielding greenback for riskier currencies

(NEWSER) - The dollar fell below the $1.50 threshold against the euro yesterday for the first time in 14 months, as investors with renewed appetites for risk continue to abandon the greenback. The dollar is at its lowest level against six other currencies in more than a year, and foreign exchange experts foresee more falls for the low-yielding currency to come. But Europeans aren't happy at all about the strong euro; an adviser to Nicolas Sarkozy called the $1.50 level "a disaster" for business. More»

Dollar Headed for Biggest Gains Since '81: Bankers

Greenback set for 17.1% gain against euro

(NEWSER) - The dollar is poised for its biggest advances in 28 years, according to Deutsche Bank, which predicts a 17.1% gain against the euro by the end of the year. Other banks polled by Bloomberg are similarly bullish about the greenback, which has just endured its worst quarter since 2002. Currently trading at $1.40 per euro, it should strengthen to $1.20 by year's end, according to Deutsche. More»

Dollar Soars to 1-Year High

Greenback climbs higher still after Fannie-Freddie bailout

(NEWSER) - The dollar rallied to a 1-year high against the world's currencies today, following Treasury's decision to seize control of Fannie Mae and Freddie Mac. After an early hiccup, the greenback advanced to $1.41 against the euro while also climbing against the yen, the pound, and the Swiss franc. While the Fannie-Freddie bailout reassured investors, reports that Asian banks might buy out Lehman Brothers also helped to push up the dollar. More»

Pound Soars Against Dollar

Sterling passes $2.02, raising hopes and filling coffers

(NEWSER) - The British pound climbed against the dollar today to a level not seen since June 1981, nudging past $2.02 before closing at $2.0136. The third consecutive trading session with a 26-year high came as the UK braced for a interest rate hike and the US braced for an extended stay by the $2 pound. More»

Dollar Nears 3-Year Low

Set for biggest weekly plunge since January

(NEWSER) - The dollar’s value today remained near its lowest in three years against multiple currencies, and it’s set for its largest weekly drop since January, Reuters reports. The figures follow the Federal Reserve’s suggestion that it had no immediate plans to tighten its monetary policy, prompting a big sell-off of the dollar. With the dollar index down 0.1%, the euro held close to a 17-month high reached yesterday; it’s poised to break $1.50. The Australian dollar, meanwhile, is near its highest value in 29 years against the US dollar. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Dollar Hits 2009 Low

Credit rating fears send greenback falling against pound, euro

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

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Euro Cracks $1.50, Dollar Hits New Lows

Investors shun low-yielding greenback for riskier currencies

Dollar Headed for Biggest Gains Since '81: Bankers

Greenback set for 17.1% gain against euro

Dollar Soars to 1-Year High

Greenback climbs higher still after Fannie-Freddie bailout

Pound Soars Against Dollar

Sterling passes $2.02, raising hopes and filling coffers

Dollar Nears 3-Year Low

Set for biggest weekly plunge since January

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?