Published by Mark Smith-HalvorsenThe dollar was brought lower in global forex trading this morning (September 29th) after disappointing economic data reignited discussions about further stimulus.As European markets opened, the dollar index had posted an eight-month low, while the euro was at a five-month high against the greenback.Forex analysts commented that losses are likely to continue while a strong case for further quantitative easing (QE) remains.Reuters reports that JPMorgan advised its clients to view any uptick in the dollar as an opportunity to sell."The increased focus on QE and the break of several key dollar support levels maintained the overall bearish bias," the investment house wrote in a note to clients.The dollar was particularly hard hit by the weakness of the Richmond manufacturing index, in addition to disappointing consumer confidence index data.Despite a previous index score of 11, the latest Richmond index registered -2, against analyst expectations of 6.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site.