Forex strategy : EUR/USD at All-time High

The dollar fell against other key currencies on Thursday on deteriorating US growth and interest rate differentials. The euro reached a new all-time high and the yen rose strongly. In his prepared testimony to the House Financial Services Committee, Federal Reserve Chairman Ben S. Bernanke said the financial system remains in a “relatively strong position” despite the recent turbulence in financial markets. His remarks, however, did not help the already weak dollar. Bernanke did not indicate