Showing posts with label interest rates. Show all posts
Showing posts with label interest rates. Show all posts

Saturday, November 24, 2007

Dollar Drops to New Low


How low will it go?

The dollar hit a new low against the euro in thin trading Friday as speculation continued that the American credit crisis will lead to another cut in interest rates in the U.S.

The 13-nation European currency spiked early to hit $1.4966, breaking the previous record of $1.4873, set the day before.