Thursday, December 23, 2004
Euro on the rise again
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The U.S. dollar hit an all-time low Thursday against the euro, which breached the $1.35 mark after a mixed economic report from the U.S. Commerce Department.
The euro peaked at $1.3506 in thin trading at midday in New York, up more than a cent from $1.3381 late Wednesday. The previous high of $1.3470 was set Dec. 7.
The 12-nation currency has risen sharply since September, when it was trading for around $1.20, over persistent concerns about the ballooning U.S. trade and budget deficits.
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