The dollar fell broadly Friday on signs of a sharp slowdown in U.S. economic growth and the increasing possibility of a debt default that could hurt the economy further, according to HuffPo.
The government said that the U.S. economy grew at a tepid 1.3 percent annual rate from April through June, after growing a scant 0.4 percent in the first three months of the year. It's the weakest six months for the economy since the recession ended in June 2009.
"The Federal Reserve can't help but look at these numbers and wonder if it ending asset purchases last month was premature," wrote foreign-exchange brokerage GFT's currency analyst Kathy Lien. "The dollar is looking less and less attractive."
Read more about it at http://www.huffingtonpost.com/2011/07/29/sluggish-us-growth-sinks-dollar_n_913259.html
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