Greenback weakens further

The US dollar was weaker in Thursday morning trade in London, still suffering from the Federal Reserve’s move Tuesday to cut US interest rates by 0.5 percent.

The greenback fell 0.2 percent to $2.0050 against the pound, while it dropped 0.4 percent to ¥115.55 in relation to the yen, was down to a 30-year low versus the Canadian dollar at C$1.0090, and fell 0.9 percent to SF41.1730 against the Swiss franc.

The euro added 0.5 percent against the US currency to $1.4035 in relation to the US currency, regarded by analysts as an important psychological breakthrough that helped the euro 0.2 percent higher to ¥162.20 against the yen and to a gain of 0.4 percent to £0.7006 versus the pound.

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