Mortikhi
10-29-2007, 07:13 AM
The dollar slipped lower against the euro, reaching a record low, then continuing its slide in morning European trading on Monday, as markets looked for signals from the U.S. Federal Reserve about a likely rate cut this week.
The 13-nation euro opened at $1.4428, besting its previous high of $1.4393 on Friday in New York and then proceeded to climb to $1.4438 in midmorning trading, before falling back to $1.4430 -- well above the $1.4385 it bought in late New York trading on Friday.
Didn't the dollar just hit a record low recently? Now this new record :eek:
So is this how the Amero will be sold to us? As the savior currency?
The 13-nation euro opened at $1.4428, besting its previous high of $1.4393 on Friday in New York and then proceeded to climb to $1.4438 in midmorning trading, before falling back to $1.4430 -- well above the $1.4385 it bought in late New York trading on Friday.
Didn't the dollar just hit a record low recently? Now this new record :eek:
So is this how the Amero will be sold to us? As the savior currency?