Euro Rises to Fresh High Vs Dollar
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The euro hit record highs versus the dollar for a second day on Friday, boosted in thin trade by worries about the US current account deficit and economy and apparent lack of official concern at the dollar&#39;s slide.
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The euro hit record highs versus the  dollar for a second day on Friday, boosted in thin trade by  worries about the U.S. current account deficit and economy and  apparent lack of official concern at the dollar's slide.
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The euro hit a new all-time high against the U.S. dollar, trading above $1.40 for the first time since the common European currency was introduced.
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The euro hit a record high against   the yen on Thursday after soft Japanese industrial output data,   while Asian stocks were lifted by news that the U.S. economy   grew more than previously thought in the second quarter.
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Confidence in the strength of the European economy lifted the euro to a record high against the yen on Tuesday, with European stocks also outperforming as energy stocks rallied on oil above $60 a barrel.
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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 hits fresh highs against the dollar as negative views of US economic prospects take their toll.
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The euro hit a record high against the dollar above &#36;1.2927  on Friday as the beleaguered U.S. currency weakened across the board in technically driven trading.
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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 euro hit an all time high versus a broadly weak dollar on Friday as investors dumped the greenback after the Federal Reserve's aggressive rate cut this week.
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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 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 today set a new record high, breaking through key 1.41 levels in the early part of the European trading session. The Dollar touched another record low against the Euro as investors continued to dump the U.S. currency after the aggressive rate cut by the Federal Reserve earlier this week. The Dollar's slump comes on the back of increasing worries over the U.S. economy in the wake of its mortgage crisis.
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THE euro is rising to record levels against the dollar, winning favor as a reserve currency in central banks from Russia to China, and flexing its muscles in bond markets.
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European shares rose to fresh 6-1/2  month highs on Thursday as the dollar firmed and oil eased from  $49 a barrel while poor German economic growth data buoyed  bonds.
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The euro hit a new record on Friday against the unravelling US dollar, surging to US$1.3549, with some analysts seeing US$1.40 as a potential trigger level for European Central Bank intervention.
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The dollar jumped one percent against  the yen and hit a four-week high against euro on Thursday,  extending its recent recovery on expectations for rising U.S.  interest rates and better economic data.