As concerns about the struggling economic recovery rise, the U.S. dollar falls.

• The dollar index has hit a 3 month low (81.354) after reports were released that the economy slowed 2.4% in the second quarter.
• Other currencies, like the Euro, Sterling, and Aussie, increased.
• Experts said that the rise in other currencies is unlikely to continue if the U.S. economy continues to struggle.

Facts & Figures

• The Euro rose 0.2% to $1.3072, nearing a 3 month high.
• The Sterling hit a 6 month high of $1.5820.
• The Yen fell from an 8 month high.

Best Quote

“We’re seeing a disconnection as U.S. data stays weak yet risk appetite is strong. Weak U.S. data will translate into risk aversion at some point.” -Tom Levinson, Currency Strategist, ING