Dollar gains after low on April 22

As the month end is reached, dollar is set to reach a high value that will make it gain above Euro. The cut in the rates announced by the Federal Reserve has helped an increase in the value of dollar against Euro and it may also get high against Yen.

The borrowing cost has been reduced by the federal as it reduced the rates and it is expected that for after 2004 April, dollar will make gains against Yen. U.S. currency had reached a record low on April 22 against Euro to touch $1.6019.This was lowest rate after Euro debuted in the year 1999.