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Euro pares gains after setting record high vs. dollar

SAN FRANCISCO (MarketWatch) — The euro pared its gains after rising to a new record high against the dollar Tuesday, as downbeat U.S. data raised fears about the U.S. economy. The euro rose as high as $1.4985 according to a trader using the EBS electronic trading platform, $1.4982 according to Reuters data, and $1.4981 according to FactSet. The spike topped the previous high of $1.4966 touched on Nov. 23. The single European currency began trading in January 1999. The dollar index, which tracks the greenback’s performance against a basket of six major currencies, also touched an all-time low of 74.706. The euro last traded at $1.4968 and the dollar index rebounded to 74.757.
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Original post by Forextvblog

This entry was posted on Tuesday, February 26th, 2008 at 3:29 pm and is filed under US Dollar Exchange Rate Graph, Dollar Exchange Rate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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