Tuesday, July 10, 2007

USD Going Down


The euro hit an all-time high versus the dollar this morning.

At a breath below $1.37, the euro looks as though its climb is just beginning. The European Central Bank is expected to raise rates at least once, probably twice, by the year’s end, making the euro even more attractive to speculators.
The pound also crept higher overnight, to $2.01 and change.

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