Dollar rates are sinking?
NEW YORK – Weakening U.S. economic growth and worried comments from Federal Reserve officials drove the dollar to an 8-month low Friday against the Japanese yen.
Due to the economic crisis that the US are experiencing, the officials of the Federal Reserve has made the dollar into an 8 months lower against yen.
In the New York trading, the dollar rate had dropped last thursday from 86.34 yen to 86.98 yen. Since November 2009, the rate of yen against the dollar has increased.
Also, the rate of Euro to a dollar is $1.3053 as compared to $1.3079, on the other hand, the British pound increased to $1.5699 from $1.5620. Moreover, Swiss francs were about $1.0401 from $1.0425 and Canadian dollar from $1.0295 to $1.0359.
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