Dollar reached it's record low yesterday against the euro and the yen. It is declining every day on the concern that banks and hedge funds will face more credit losses in the days to come , showing no signs of a solution in the near future unless the Federal Reserve cuts interest rates.
The U.S. currency dropped as low as $1.5651 per euro, the weakest since the European currency's debut in 1999, before trading at $1.5609 as of 7:10 a.m. in London, from $1.5635 yesterday.
I hope it will be useful for you as much as it was for me.
Cheers!
Last edited by Pipcrawler; 03-14-2008 at 12:01 PM.
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