US dollar felt intense selling pressure in New York session, reaching past the 1.38- level against the euro, and hitting the 95- figure versus the yen. US equities were up in margin with Dow Jones up by 0.45% and the Nasdaq closed by 0.85% in the forex accounts.

EUR/USD pair was higher as the down turn for the dollar had traders dumping greenbacks across the board. Speculations are up that US may receive a warning on its AAA credit rating just added pressure on the greenback.
 
On the 4 hours chart EUR/USD reached a high of 1.3978.

Economical down turn is affecting all areas of economy as the New York Times reports on the investors sector.

There´s not economic data being released from the US today; Fed expressed that an increase on security purchases may help economical recovery. However the Fed says the economy is still facing deep downside risks.
 
Dollar Index has reached a $79.93 level, a little higher than its 52-week low of $71.31 on forex trades.