Wednesday, November 29, 2006

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.


Labels:


0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home