US Dollar Ends 2004 at 9-Year Low

The Greenback ended 2004 at a 9-year low against many foreign currencies, despite rallying against the Euro on the 31st of December. The reason behind the fall of the US currency has mainly been the growing popularity of the Euro.

Investors are worried about the growing trade deficit and are turning to the European currency. Analysts are also expecting Asian currencies to rally strongly against the US dollar this year.