USD hits 3-year low. AUD 29-year high.

Thursday, 21 April 2011 11:42

U.S dollar depreciates to a 3-year low price in the forex market causing a spur by analysts saying that this it's possible it might fall further.  With a dim outlook the USD fell against most of its major currency rivals. 

Losing 0.7% against EUR, the USD fell to trade at 1.4612.  The pair is currently trading at 1.4623.

Furthermore, contrary to the U.S Dollar; the Aussie Dollar continues in good graces to spike an almost 3 decade high.  to 1.0766 Dollar, reaching its strongest point at 1.0772.  The Aussie gained about 3.8% strength over the past 6 months.