Euro climbs above 1.38 dollars
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The euro shot up over 1.38 dollars Friday for the first time since its creation in 1999, as weaker-than-expected retail sales in the United States added to concerns about the country&#39;s economy.
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The euro traded above $1.40 for the first time since the common European currency was introduced as investors see a slowing American economy.
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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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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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The European Central Bank raises eurozone interest rates by a quarter point to 3.25%, as widely forecast.
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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 dollar rose for a fifth session to  hit a four-week high against the euro and jumped one percent  against the yen on Thursday on expectations for rising U.S.  interest rates and better economic data.
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Higher oil and food prices push up inflation in the eurozone to its highest in more than six years.
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The dollar jumped against the euro on Friday, building on overnight gains made after the European Central Bank reiterated that Asian currencies should be more flexible, taking pressure off the single currency to climb.
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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 US dollar climbed against the euro after some traders abandoned bets that a slowdown in growth reflected in economic reports this week would push the US currency to a one-month low.
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The euro rose to within half a cent of a record high against the dollar after European finance ministers failed to ask the European Central Bank to sell the currency to stem its advance.
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The euro rose to a new record high against the dollar, climbing to 1.2937 dollars in late European trades.
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THE euro charged to a record high yesterday, breaching the $1.35 mark as markets seized on a plunge in sales of new homes in America as an excuse to renew their assault on the US currency.
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The euro hit a new high against the dollar on fears of rising oil prices and concern over the U.S. budget deficit.
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The pound on Wednesday reached a fresh 26-year high against the dollar, which also fell against the euro on the eve of European interest rate decisions.
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The dollar edged up against the euro on  Friday, building on overnight gains made after the European  Central Bank reiterated that Asian currencies should be more  flexible, taking pressure off the single currency to rise.