EURO TOPS $ 1.55 FOR THE FIRST TIME

  • Print
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • big-banner-ad_2-sean
  • toner-news-big-banner-nov-8
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • 536716a_green_sweep_web_banner_902x17712
  • 2toner1-2
  • facebook-tonernews-12-08-2016
  • futor_902x177v7-tonernew
  • 161213_banner_futorag_902x177px
  • 4toner4
Share

EURO TOPS $ 1.55 FOR THE FIRST TIME

 user 2008-03-12 at 1:22:55 pm Views: 42
  • #21828

    Euro tops $1.55 for first time
    The
    euro has set a new record high against the US dollar, passing $1.55 for
    the first time.Scepticism about whether the Federal Reserve’s plans to
    provide liquidity to the banking system will work was one factor
    weakening the dollar.Speculation that the United Arab Emirates is about
    to abandon its dollar peg also weakened the US currency.

    The new
    record was set at $1.5503 before the euro fell back slightly to trade
    at $1.5489.Strong economic data in the euro zone made it less likely
    that there will be an interest rate cut from the European Central Bank,
    while the Federal Reserve is widely expected to cut rates at its next
    meeting.ndustrial production in the 15 states that use the euro rose
    unexpectedly fast in January, growing 0.9% from December and 3.8% from
    January 2007, according to officials from Eurostat.