Friday, April 27, 2007

Dollar Slides to Record Low Against Euro as Report Shows U.S. Growth Slows

(Bloomberg) -- The dollar dropped to an all-time low against the euro after the U.S. government reported the economy grew at its slowest pace in four years.

The dollar also weakened against most other major currencies, with a Federal Reserve index measuring dollar strength near the lowest level in its 36-year history. The U.S. currency pared its decline against the euro after the record low triggered buy orders.


Read more at Bloomberg Currencies News

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