Euro&#39;s record high set to hinder recovery
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The euro yesterday reached a new record high against the dollar, renewing fears that the faltering economic recovery in mainland Europe will be choked off next year.
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The euro hit an eight-month high against the US dollar on Tuesday, increasing the exchange-rate burden on Europe&#39;s exporters as fears over high oil prices weighed on the greenback.
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European finance ministers said they won&#39;t attempt to halt the euro&#39;s rise, saying the currency&#39;s jump to an eight-month high is unlikely to derail the recovery and will prevent record oil prices from spurring inflation.
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Europe&#39;s main stock markets mostly fell in choppy trade on Wednesday as the euro struck a record high against the US dollar.
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The euro scaled an all-time high against  the yen on Thursday, with the market betting on further euro  strength against other major currencies on deep-rooted worries  about the U.S. trade and budget deficits.
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NEW YORK, December 27  - The euro touched new highs against the US dollar and the Japanese yen today as any intervention by the European Commercial Bank to check the 12-nation currencyâs strength seemed unlikely.
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LONDON : The euro approached its record high against the dollar as markets waited nervously for data on US capital flows, amid concerns about how the United States will fund its huge trade deficit.
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LONDON  - The euro wavered after failing to pierce the symbolic 1.30-dollar threshold, as eurozone officials expressed disquiet at the currency&#39;s rise to record highs against the greenback.
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A report released in Brussels on Friday showed a slowdown of economic growth in the 12-nation eurozone due to record high oil prices and the euro&#39;s sharp rise against the US dollar.
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The euro scaled an all-time high against the yen on Thursday, with the market betting on further euro strength against other major currencies on deep-rooted worries about the U.S. trade and budget deficits.
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The euro climbed to within striking  distance of record highs against the dollar in light  pre-holiday dealing on Thursday, as the market awaited a batch  of U.S. economic data for new trading clues.
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The dollar fell to a record against the euro Friday as traders bet the European Central Bank won&#39;t step in to weaken the 12-nation currency.
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The dollar traded close to a record low against the euro on speculation the US and Europe won&#39;t attempt to reverse the currency&#39;s decline.
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The euro surged to an all-time high of $1.2987 yesterday, putting pressure on Europe&#39;s largely export-driven economic recovery and prompting European Central Bank President Jean-Claude Trichet
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The European Union's common currency, the euro has climbed to a new record high against the US dollar, reaching $1.4130 in trading in Frankfurt. Analysts say they expect the value of the euro to remain high for the foreseeable future. The euro was boosted last week when the US central bank cut its key interest rate by half a percentage point to 4.75 percent.
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The euro threatened a fresh record high  against the dollar on Wednesday as traders turned their  attention back to weakness in the U.S. currency, helping to  drag the euro close to an all-time peak versus the yen.
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The euro briefly rose to a record high  versus the dollar for the fifth session running on Wednesday  and tested last year's lifetime high against the yen as  investors' bearish views of the U.S. currency dominated  trading.