时事资讯:美国经济回升缓慢导致美元下跌_时事

时事资讯:美国经济回升缓慢导致美元下跌

【英文原文】

Currency Trading: Dollar in a Funk as Traders Bet on Slow Rebound

The U.S. currency fell sharply against most major rivals Tuesday, as optimistic investors bet that the rest of the world will pull out of recession faster than will the U.S.

On the first full trading day after the summer holiday season wrapped up, the dollar hit its lowest point this year against the euro during London trading.

Late afternoon in New York, the euro was buying $1.4489, up from $1.4342 late Monday. The greenback is trading at about the same level as before the collapse of Lehman Brothers almost one year ago. The dollar also fell against the yen and commodity-linked currencies such as the Australian and Canadian dollars.

'You are seeing a notable breakdown in the dollar,' says Paul Mackel, senior currency strategist at HSBC in London. 'The fact that the dollar is out of the well-established ranges with several currencies has gotten investors jumpy.'

Meanwhile, gold, which often moves in the opposite direction of the U.S. dollar, moved above the symbolic $1,000 per troy ounce, its highest since February, before slipping back. Investors often buy gold as a hedge against economic uncertainty and inflation. Front-month September gold late afternoon in New York was at $995.

Currency analysts say the dollar's slide has room to run now that it has broken free of recent trading ranges. Several are predicting the euro will test $1.50 by the end of the year. Mr. Mackel also sees continued strength, in particular, for the Australian dollar, which is backed by a healthy economy and exposure to a rebounding China. He says the Aussie currency could reach near parity with the U.S. dollar by the end of 2010. Late afternoon Tuesday it was trading at US$0.8620, up from US$0.8560.