USD new low against Euro
Posted on December 24th, 2004 by Brian Turner
Continuing worries about the US trade and budget deficits has led to a new record low in the value of the USD against the Euro.
The Euro reached $1.3516 a the New York Stock Exchange (NYSE), before rallying to $1.3509.
The new low for the dollar was blamed on fears that a fall in the US housing market could hamper consumer spending, and economic growth forecasts with it.
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