Thursday, 14 July 2011

FOREX-Credit warning, Fed policy speculation hobble dollar

(Reuters)- The dollar hit a record low against the Swiss franc on Thursday and the euro rose a day after Moody's warned the United States could lose its top credit rating if Congress doesn't raise the U.S. debt ceiling.

The dollar also hit a four-month low against the yen after the U.S. Federal Reserve hinted Wednesday at further policy easing should the economy worsen, though better-than-expected U.S. unemployment and retail sales data Thursday eased concern and helped the dollar pare its losses. Read more here… 


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