Dollar slides after O'Neill testimony

US - Pessimism about the strength of the US recovery sent the dollar to its weakest level for six months against the euro and for two months against the yen on Thursday.

Its slide followed Congressional testimony by US Treasury Secretary Paul O'Neill in which he said intervention to protect currencies seldom works.

"There is a real doubt about the effectiveness of interventions or words about intervention," Mr O'Neill told the Senate Banking Committee. "It is not possible any more to actually

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: