Euro rises above 1.32 dollars for the first time
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The euro rose above 1.32 dollars for the first time, reaching 1.3201, as the US currency buckled under the strain of imbalances in the American economy.
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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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In late afternoon trading in New York, the euro was trading above $1.42 amid fresh evidence of losses in the mortgage industry.
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The euro hit a fresh record high  against the dollar above $1.3329 on Tuesday following the  release of weaker-than-expected U.S. consumer confidence data.
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The euro rose as high as $1.3889 in afternoon European trading today amid speculation that the Fed will soon cut interest rates by as much as half a percentage point.
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The dollar rose against the euro in  thin trading on Monday as investors took profits on the single  European currency, which gained on Friday after a surprisingly  weaker U.S. employment report.
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The British pound hit a 26-year high against the U.S. dollar Tuesday, shooting above $2.04, after higher-than-expected inflation figures raised expectations of another hike in United Kingdom base rates. The dollar was up against other key currencies.Gold prices were mixed in European trading.The euro traded at $1.3783, down from $1.3784 late Monday. Later, in midday trading in New York, the euro fetched $1.3781.Other dollar rates in Europe, compared with late Monday, included 122.34 Japanese yen, up from 121.82; 1.2031 Swiss francs, up from 1.2021; and 1.0436 Canadian dollars, up from 1.0429. Read more
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European shares got off to a sparkling start of the New Year, rallying to a 30-month high on Monday after a broad rebound of the dollar lifted exporters such as car giant DaimlerChrysler.
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Sterling remained on the backfoot against both the dollar and the euro after the publication of the minutes to the latest rate-setting meeting at the Bank of England, as the euro broke above the 1.35 dollar mark for the first time since its launch in 1999.
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The euro reaches a fresh record high against the US dollar, climbing above the $1.41 level.
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The UK pound climbs past the $2.10 level against the US dollar, the highest it has been in 26 years.
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The European single currency was close to a record high near 1.38 dollars on Friday, and hit another historic peak against the yen, as dealers awaited fresh US data.
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The euro climbed to within striking  distance of record highs against the dollar in thin dealings on  Thursday, with moves driven by technical trading in the run-up  to Christmas.
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The euro rebounded against the dollar  on Friday to hit 8-1/2-month highs in technically-driven buying  which offset the effect of a much stronger-than-expected U.S.  employment report for October.
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The euro jumps to an all-time high against the dollar, raising fears about European growth, and the price of gold rises as people switch out of the dollar.
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The dollar rose to two-month highs  against the euro on Wednesday, as markets digested an inflation  report that reaffirmed market expectations for  future U.S.  interest rate rises.
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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.