Wednesday, July 11, 2007

Euro at historic high

From AFP:

Euro storms above 1.37 dollars for first time

LONDON (AFP) - The euro hit a record high of 1.3740 dollars on Tuesday as investors bought the single currency on prospects of higher eurozone interest rates and concerns about the health of the US economy.

The British pound also hit a 26-year high of 2.0275 dollars ahead of a crucial speech by US Federal Reserve chairman Ben Bernanke, while on Monday the euro had reached a record peak of 168.51 yen.

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