The Dollar Swoon

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With US rates near zero and with no signals from the US Fed to raise rates in the near future, the dollar has continued to weaken against most of the other currencies. The ICE Futures US dollar index, which measures the greenback against a basket of foreign currencies, has fallen to its lowest level in 15 months.
Investors around the world see the dollar as weaker than other currencies, and so they're using it for what's known as ‘carry trade’, to finance purchases of investments in other countries. (NYT photo)