Dollar down to its lowest level in 3 weeks

Twilight News / dollar fell to its lowest level in three weeks against a basket of major currencies on Friday after bucking the Federal Reserve (the US central bank) expectations of some investors about the first to raise US interest rates in about ten years.

Although the majority bet that the Federal Reserve will keep interest rates unchanged but a significant minority predicted filed. Moreover, the Fed said President Janet Yellen said the prospects for global growth have become less clear, although the Council left the door open to tighten policy in a limited way later this year.

The statement caused the central decision in a wide losses for the dollar, which reached its lowest level in more than three weeks against the euro and the pound sterling and the lowest price in front of his Canadian counterpart. The total dollar index, which tracks the US currency's performance against a basket of currencies 94.282 on Friday, its lowest level since late August.

The continued easing of monetary policy for a longer period to the high risk appetite of investors and recorded currencies that yield higher returns and involve greater risks such as the Australian dollar and the New Zealand counterpart sharp gains.

The dollar fell 0.5 percent against the yen after a record decline less in the wake of the Fed decision is trading at 119.455 yen.