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Saturday
May282011

US Dollar Continues Two Week Low over Sour Speculation

Photos.com/Thinkstock(WASHINGTON, D.C.) -- The dollar continued its two week descent as reports suggesting the U.S. economy's economic recovery may be hitting a plateau.

The Swiss franc rose sharply this week, benefiting from the supposedly stagnating dollar and worries over Greece's debt crisis. The Dollar Index dropped from 75.435 last week to 74.758.

New Zealand's currency grew stronger after the China Investment Corp. announced plans to buy kiwi bonds.

Copyright 2011 ABC News Radio

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