The U.S. dollar slid further this week, hitting a two-year low against the euro ahead of the German Ifo Business Climate data release. The German Ifo, which is based on a surney of 7,000 executives and is the leading indicator of economic health in German the wider Eurozone, is expected by economists to rise to 108.2 from last month’s 107.7.

The forecast shows increased confidence in Europe’s largest economy, while the U.S. economy loses its footing as the Fed is expected to continue its easy-money stimulus into next year.
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More specifically the dollar fell 0.2 percent to $1.3824 against the euro yesterday, after reaching its lowest point since November 2011 at $1.3832. The U.S. currency has also fallen against the yen for similar reasons, losing 0.3 percent to 97.02 yen after reaching its lowest level since 9th October at 96.64. In the upcoming week the greenback is expected to drop an additional 1 percent against the euro and a 0.7 percent to the yen.