Dec. 17 (Bloomberg) -- The dollar declined the most against the euro since the 15-nation currency’s 1999 debut and sank to a 13-year low versus the yen as near-zero interest rates and rising budget deficits led traders to abandon the greenback.
The greenback extended its drop against a gauge of currencies of six U.S. trading partners, falling 11 percent from a 2 1/2-year high reached Nov. 21. Investors including hedge funds reversed bets that the dollar will appreciate to minimize losses as the end of the year approached, traders said.
“This move is historic,” said Russell LaScala, New York- based head of North American foreign exchange at Deutsche Bank AG, the world’s biggest currency trader. “It’s just going to keep going until the last bit of pain stops. I would not be shocked to see $1.50.”
The dollar fell as much as 3 percent to $1.4437 per euro, the weakest since Sept. 29, from $1.4002 yesterday, before trading at $1.4359 at 12:58 p.m. in New York. It was the biggest intraday drop since the euro’s inception. The U.S. currency decreased 1.4 percent to 87.80 yen from 89.05 and reached 87.14, the lowest since July 1995. The euro increased 1.1 percent to 126.06 yen from 124.71.
И к рублю уже неделю падает, хотя центробанк расширяет бивалютную полосу: