The US dollar fell today as the Federal Reserve may follow the Bank of Japan in adding further stimulus and on the anticipation of the increasing jobless claims and unemployment rate.
The Dollar Index, tracking the US currency versus the currencies of six major US trading partners, touched 77.597, the lowest level since January 20th. The reports later this week expected to show that the unemployment rate in the US rose from 9.6 percent to 9.7 percent and the jobless claims increased to 455,000.
USD/JPY fell from 83.22 to 83.07 today as of 10:43 GMT and EUR/USD traded near opening level of 1.3838 after rising as high as 1.3880.
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