The Fed virtually Zero, forcing the U.S. dollar collapse

New York, WEDNESDAY - to record a record U.S. Dollar depreciation against the euro and down against other major currencies on Wednesday (18/12) local time, a day after the Federal Reserve cut the tribe to almost zero interest rates, the dealers said. Euro also picked up near the balance with the rise of the pound and yen.

At 2200 GMT, euro traded at 1.4404 dollars, up sharply from 1.4018 dollars late Tuesday. Originally, the single European currency has jumped into 1.4437 dollars, its highest level since 29 September. That increases the strong euro against the greenback since the currency was launched in January 1999. Euro also increased to 126.02 yen from 124.74 yen late on Tuesday.

Dollar also weakened against the Japanese currency, trading at 87.95 yen compared with 88.98 yen on Tuesday. Yen reached the position of the original 13-year high against the dollar at 87.11 yen.

U.S. currency under pressure after the Federal Reserve on Tuesday cut interest rates to the tribe lowest historical level of 1.0 percent to a range of 0 to 0.25 percent and will keep interest rates low for some time.

The Fed also encouraged penggunaaan equipment for a mencaikan necrosis menstimulus credit and economic growth in the all-out fight against recession, which has been running a year. "Step in the money market yesterday closing rush from the potential risks in the infusion of money into the U.S. financial system," said Andrew Busch, analyst from BMO Capital Markets.

"However, there is also the possibility the raid out of the U.S. dollar due to skepticism that the U.S. central bank can manage the risks from their kuantatif reduction program, an effective strategy to print money," he said.

Euro support after European Central Bank (ECB) suggests that the main interest rate will be maintained unchanged at 2.50 percent at the January meeting, in a few months after the last series of interest rate cuts.

Meanwhile, the pound continues to fall against the euro and reached a new record of the lowest in the euro 1.0715.

UK monthly data shows that the number of people claiming benefits (insurance) unemployment in Britain rose in November by the largest amount in 17 years, the latest signal from the sharp economic pelambatan.

Minutes from the meeting last British Central Bank (Boe) showed policymakers have been discussing the largest decrease in interest rates more than 1.0 percentage points was decided by acclamation early this month.

In recent trading in New York, the dollar was 1.0720 Swiss franc, down from 1.1236 late Tuesday. Pound 1.5516 a weakening dollar from 1.5581 dollars.