US Dollar Slips to Record Low as Euro Rises Above $1.33
‘The U.S. dollar hit a new all-time low against the euro Friday for the fourth straight day, pushing the European currency above $1.33 amid concerns about the twin U.S. deficits and the lack of any central bank action to stop the dollar’s decline .
The dollar also dipped to a nearly five-year low against the yen, but later regained ground.
One reason the euro has kept rising is a lack of concerted action by central banks to support the dollar by selling holdings of the other major currencies.’
Read more at Dollar Slips to Record Low as Euro Rises Above $1.33
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