As investors choose riskier assets, the dollar index (.DXY) fell to lowest point since September of last year.
From Vivianne Rodrigues, Reuters:
NEW YORK, Sept 9 (Reuters) - The U.S. dollar fell on Wednesday, touching new lows for 2009 against major currencies, as investors moved to riskier assets like stocks and higher-yielding currencies.
The rally in European and U.S. stocks has supported hopes for economic recovery, and together with the drop in U.S. dollar borrowing costs, has encouraged investors to look for higher returns around the world.
Renewed concerns over the dollar's long-term status as the world's reserve currency and options-related euro buying also contributed to the sell-off, which started on Tuesday.
