Dollar Index at 1-Month Low

June 7th, 2011

Warning: This is not a recommendation to buy, sell or hold any financial instrument.

The U.S. Dollar Index is working its way down again. A break below 72.696 sets up a try for the strategic 70.792 level.

The index is at 73.581 right now.

Via: Reuters:

The dollar fell to a one-month low against a basket of currencies on Tuesday and a record low against the Swiss franc after a Chinese official said the greenback would continue to weaken versus other major currencies.

The head of the international payment department at the Chinese forex regulator also warned about the risks of excessive holdings of U.S. dollars.

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