Dollar Hits 20-Month Low vs. Euro
The euro reached a 20-month high against the dollar at $1.3210. Read about it in today's WSJ.
The Organization for Economic Cooperation and Development warned yesterday that a sharp appreciation of the euro against the dollar could stunt a euro-zone economy already expected to slow next year on the back of slower U.S. growth and domestic fiscal overhauls. A euro closer to $1.40 could prompt monetary policy makers and politicians to speak up.