The dollar index, which compares the dollar to its six primary peers, fell to its lowest level in 15 years on Friday. The decline followed news that US employment dropped for the first time in four years. Futures showed a 76% chance that the Fed will cut interest rates by half a point to 4.75% from 5.25% at its September 18th meeting. Central banks from the UK, euro region, Canada, Australia and South Korea kept rates unchanged. For the first time since 2004, US Treasuries yielded less than German bunds.
Sources: Bloomberg, WSJ
Commentary: What Does Friday's Sell-Off Tell Us About the Economy? • Euro/Yen Strength To Continue Versus the U.S. Dollar
Stocks/ETFs to watch: DBV, UDN, GBB, ERO, FXY
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