Dollar is not a popular currency
Dollar is not a popular currency these days since investors are keen on buying high yielding currencies like euro and sterling. According to George Soros, a billionaire investor, dollar is creating "dangerous imbalances". And another expert, Dominique Strauss-Kahn, the managing director of the International Monetary Fund, thinks there will be a new currency like dollar which will dominate the world currency in 10 years time.
The euro rose to $1.4956. The pound was down 0.4% at $1.6736. While the euro nudged up to 89.38p. The yen was little changed against the dollar around the 89 yen area.
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