Dollar has slipped again this week, losing ground against the Euro. This has seen an increase in the risk associated with it and led to investors abandoning the currency to find returns elsewhere.
The dollar dropped 3.2% against the Yen and 0.6% against the Euro, whereas it stayed relatively strong against the Pound as it fell by 0.8% against the Dollar.
In other news, the Bank of England announced they would continue their policy of ‘quantitative easing’ whereby the government have injected £50 billion in to the economy through printing money could help to increase mortgage lending.
Currenct exchange rates:
Correct at time of printing (source)