Dollar Hits 2009 Low

Credit rating fears send greenback falling against pound, euro
By Jason Farago,  Newser Staff
Posted May 22, 2009 6:48 AM CDT
Dollar Hits 2009 Low
The euro rose to $1.39 today as investors grew nervous about the credit worthiness of the United States.   (Flickr)

The dollar fell to its lowest level of the year today as investors grew nervous that the US could lose its triple-A credit rating, Reuters reports. The greenback declined to $1.39 against the euro and $1.58 against the pound, echoing similar drops across the world. Yesterday, Moody's said it was not changing America's AAA rating, but one foreign exchange strategist said, "It's hard to imagine a sharp reversal of the dollar's trend." (More US dollar stories.)

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