The U. S. Dollar fell today, hobbled by a bleak outlook for the economy of the United States as well as the move by the U.S. Federal Reserve bank which released additional liquidity into the U.S. banking system. However, the Swiss Franc rose on geopolitical risks because of the air strikes by the Israeli warplanes on the Gaza Strip over the past three days. The Pound Sterling continued its downtrend, slipping to a record low versus the Euro and a group of currencies in early trading in London, as bleak economic data and expectations that interest rates in the United Kingdom will fall below interest rates in the Euro zone negatively impacted the Pound Sterling.
