Euro keeps climbing against greenback, hitting new high of $1.5347.
The euro continued its record climb unabated Thursday, reaching a new high of $1.5347 before falling slightly back after the European Central Bank held its benchmark rate at 4% and another round of dour U.S. economic reports were released.
The euro hit its new high in European morning trading and fell back to $1.5317. It was the latest in a string of records for the 15-nation euro, following the $1.5302 it set on Wednesday before easing back to $1.5262 in New York.
Meanwhile, the British pound broke through $2 again after weeks of trading between $1.95 and $1.99; it pushed higher after the Bank of England also decided to keep its key refinancing rate unchanged at 5.25%.
Read Complete Story
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment