Forex Alert- Dollar hits fresh 3-year lows...
The U.S. dollar dropped to fresh three-year lows against other major currencies , as the euro continued to broadly strengthen and as the end of the U.S. government shutdown failed to give much momentum to the greenback. The dollar has fallen on expectations central banks besides the Federal Reserve are seeking to end their policy of ultra-low, even negative, rates adopted to combat the 2008 global financial crisis. Analysts said that if U.S. inflation remains below the Fed’s target, while overseas central banks raise rates and reduce bond purchases, the dollar could fall further.
(Impact : positive for Bullion)
Source: Investing
More will update soon !!
