Dollar: dramatic fall continues
Posted on December 31st, 2004 by Brian Turner
The euro continued to break new records this week as it rose further against a weaker dollar. The euro reached a new high of $1.3667 on Thursday, and continued to remain high.
Expectations in the markets are that the USD will be devalued further in an attempt to lessen the impact of the US trade deficit. However, the central banks may be given a role at the G7 summit to help strengthen the USD.
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