December
07-12-2007, 02:51 PM
Dollar keeps falling against euro
The euro has risen to new highs against the dollar, near the $1.38 mark, amid lingering worries about the US economy.
With investors fearful the US housing slump will hit the wider economy, the euro rose as high as $1.3784 before pulling back slightly to $1.3742.
The dollar's latest fall came after the Standard & Poor's credit rating agency said it may downgrade $12.1bn of bonds backed by US sub-prime home loans.
Meanwhile, the pound hit $2.032 as it extended its gains against the dollar.
See how the dollar has lost ground against the euro
The pound is at a 26-year high against the US currency amid contrasting prospects for interest rates in the two countries.
READ MORE -
http://news.bbc.co.uk/2/hi/business/6291090.stm
http://ec.europa.eu/economy_finance/euro/essentials/coins_notes/coins_mockups/images/1euro_2007.jpg
The euro has risen to new highs against the dollar, near the $1.38 mark, amid lingering worries about the US economy.
With investors fearful the US housing slump will hit the wider economy, the euro rose as high as $1.3784 before pulling back slightly to $1.3742.
The dollar's latest fall came after the Standard & Poor's credit rating agency said it may downgrade $12.1bn of bonds backed by US sub-prime home loans.
Meanwhile, the pound hit $2.032 as it extended its gains against the dollar.
See how the dollar has lost ground against the euro
The pound is at a 26-year high against the US currency amid contrasting prospects for interest rates in the two countries.
READ MORE -
http://news.bbc.co.uk/2/hi/business/6291090.stm
http://ec.europa.eu/economy_finance/euro/essentials/coins_notes/coins_mockups/images/1euro_2007.jpg