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Friday, March 14, 2008
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Dollar Falls to Record Low Against Euro
Summary from multiple countries, from articles in English
Negative dollar sentiment is growing in nations where the dollar was historically accepted as equal or better than local currency und and dollar aversion is even extending to some quarters in the United States. (article 2) The dollar slumped to a record low against the Swiss franc and the euro on Thursday and hit its weakest level in 12 years against the yen amid growing concerns over the health of the US economy. (article 5) The Fed action was overshadowed by U.S. economic struggles, halting the dollar's rise and pushing the euro to a record high of $1.5559, surpassing its previous record of $1.5495 set Tuesday. (article 1) " The positive dollar impact of yesterday's coordinated central bank operations is already proving unsustainable as the U.S. currency falls across the board said Ashraf Laidi (article 1) Betting against the US dollar is not likely to be as popular this year as in 2007 when punters reaped large rewards from the greenback's fall. (article 3) The danger of a dollar rout is rising, and the Federal Reserve, European Central Bank and Japan's Ministry of Fi nance should co-ordinate intervention to slow the greenback's fall. (article 4)

Other summaries about this story:
  • Summary from Canada, from articles in English (1 articles) [compare]
  • Summary from United States, from articles in English (7 articles) [compare]

  • Other stories about Index, markets and cent:
  • Markets: Bears and bulls can both be burned (5 articles)
  • ABC News: Japan's Stocks Dive on Weak Dollar (4 articles)
  • Precious metals: Gold can glister even without buying bullion (4 articles)

  • Event tracking:
  • Track this story's development in time

  • Story keywords
    Index, markets, cent, against, investors

    Source articles
    1. Dollar Falls to Record Low Against Euro (Washington Post, 03/13/2008, 260 words)
    2. The Seattle Times: Dollar's Clout Sinks Worldwide (seattletimes.nwsource.com, 03/13/2008, 1079 words)
    3. Currencies: Dollar loses former lustre (ft.com, 03/13/2008, 671 words)
    4. Intervene to slow the dollar’s decline (ft.com, 03/13/2008, 449 words)
    5. Dollar hits record lows (ft.com, 03/13/2008, 535 words)
    6. Oil rises to new highs as U.S. dollar weakens (cbc.ca, 03/13/2008, 296 words)
    7. The Short View: US banks (ft.com, 03/13/2008, 323 words)
    8. Euro soars to $1.5057 record high :: CHICAGO SUN-TIMES :: Business (suntimes.com, 03/12/2008, 482 words)




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