The Dollar Weakened &Nbsp, Falling To Its Lowest Level In More Than A Year.

On Thursday in New York, the US dollar fell to the lowest level in more than a year against a basket of major currencies, as compared with the persistent debt crisis in Europe. Investment People are more worried about the deteriorating financial prospects of the United States.

At the end of Thursday, the electronic trading system showed that the euro was 1.4489 dollars against the US dollar and 1.4442 dollars at the end of Wednesday. The US dollar was 83.48 yen to the yen and 83.85 yen on Wednesday. The euro was 120.94 yen to the yen and 121.03 yen on Wednesday. The pound was quoted at US $1.6350 against the US dollar, which ended at $1.6266 on Wednesday. The US dollar is 0.8921 Swiss francs against Swiss francs, which is not far from the historical low of 0.8852 Swiss francs. The exchange rate ended at 0.8965 Swiss francs on Wednesday.

The ICE index fell to around 74.704 from 74.980 on Wednesday, the lowest level since November 2009.

　　 The opening quotation Traders sold the euro because of the growing financial instability in Greece and Ireland, triggering new concerns. Investors fear that one or two of the two countries may be forced to restructure sovereign debt.

But the US's first application for unemployment benefits is weak and producer prices unexpectedly hit. Investment People's interest in the US dollar. The heated debate between the two parties on fiscal imbalances in the US Congress is striking. Investors once again weigh the US dollar and the euro and decide to prefer to hold euros.

The financial problem, coupled with the expectation of the Federal Reserve to maintain a loose monetary policy, is becoming increasingly unattractive, though Europe is also struggling to cope with its fiscal and economic problems.

The data released earlier today triggered concerns about the health of the US economy and the unease of a weak job market after showing signs of recovery. The Labor Department announced on Thursday that the number of initial jobless claims increased by 27000 to 412000 in the week ended April 9th. Another report showed that the US core producer price index increased by 0.3% in March, rising more than expected.

However, investors are not entirely interested in the euro. The serious debt problems of Portugal, Greece and Ireland are constantly reminding investors that the euro is facing substantial risks.