The dollar may decline against the Euro for the second consecutive day follow Federal Reserve Chairman Ben Bernanke’s announcement that the interest rate will be maintained near zero for the foreseeable future.
The greenback traded at lows for the week against the yen following the announcement that the rate will remain discounted until officials are more secure in U.S. stability. The yen and dollar also may weaken against other currencies, particularly Australia and New Zealand, as a stock rally negates the attractiveness of currency as a save haven.
The dollar traded at $1.3543 against the Euro in Tokyo Thursday morning from $1.3538 in New York yesterday. For the mont of February the USD has ascended 2.4 percent versus the euro in it’s third consecutive month of gains.
Against the yen, the dollar traded at 90.17 from 90.15. For February, the USD fell 0.1 percent against the yen. Japan’s currency decline against the euro to 122.08 per euro from the previous level of 122.03.
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