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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
Dollar Hits 2009 Low
The euro rose to $1.39 today as investors grew nervous about the credit worthiness of the United States.   (Flickr)

(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." (Read more US dollar stories.)

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