CM: Dollar posted record monthly declines in September
FXstreet.com (Barcelona) - The Dollar has been the weakest performer currency in September, as the Greenback has plunged against most currencies during the current month, weighed by erratic economic recovery and the possibility of a second phase on Fed's Quantitative Easing program.
EUR/USD, the largest traded cross, has rallied 8% over the current month, despite the several problems affecting Euro Zone economy, surging from levels below 1.27 to a 5-month high at 1.3685 today.
The AUD/USD has followed a similar performance, rallying almost 9% higher from 0.8760m in late August to 2-year highs at 0.9730.
The Scandinavian currencies have also surged against the Dollar, with USD/NOK rallying 7.8% from 6.4 area to 6-month lows at 5.8300, and the USD/DKK rallying 7.8% from 5.9 to 5-month low at 5.440. Although the best performer award has gone to the Swedish Krona which appreciated more than 10% with the USD/SEK hitting a long-term low at 6.6775.
