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Dollar falls to 1-month low on U.S. monetary-easing speculation

(Xinhua)

09:33, September 22, 2011

TOKYO, Sept. 21 (Xinhua) -- The dollar briefly sank to its one- month low against yen on Wednesday in Tokyo amid growing speculation that the U.S. Federal Reserve will announce additional monetary-easing measures.

The dollar briefly fell to 76.11 yen, its lowest level since Aug. 19 when the U.S. currency fetched its postwar record low of 75.95 yen.

At 5 p.m., the dollar fetched 76.34-36 yen versus 76.41-51 yen in New York and 76.53-54 yen in Tokyo at 5 p.m. Tuesday. It fetched the day's high at 76.85 yen, changing hands most frequently at 76.35 yen.

The euro was quoted at 1.3674-3676 dollar and 104.39-43 yen against 1.3698-3708 dollar and 104.71-81 yen in New York and 1. 3668-3670 dollar and 104.60-64 yen in Tokyo late Tuesday afternoon.

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