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Dollar hits all time low versus euro { June 2007 } Original Source Link: (May no longer be active)    http://biz.yahoo.com/ap/070713/dollar.html?.v=7 http://biz.yahoo.com/ap/070713/dollar.html?.v=7 AP Dollar Hits All-Time Low Vs. Euro Friday July 13, 11:07 am ET By Matt Moore, AP Business Writer Euro Tops $1.38 to Reach Another All-Time High FRANKFURT, Germany (AP) -- Worries about the strength of the U.S. economy sent the dollar stumbling in Europe Friday, where the euro broke through the $1.38 mark for the first time. The 13-nation euro moved as high as $1.3813 in afternoon European trading before falling back to $1.3786. That was up from $1.3783 in New York late Thursday. The dollar, which has been under pressure all week, fell after the U.S. Commerce Department reported that retail sales in June fell by 0.9 percent compared with the previous month. That was its biggest drop since August 2005, and came as demand for cars, furniture and building supplies plummeted. U.S. economic data are being scrutinized closely for hints on the U.S. Federal Reserve's future interest rate course. The Fed has left its benchmark rate unchanged at 5.25 percent for a year after two years of steady increases. That contrasts with the course of the European Central Bank, which has raised rates steadily and is expected to do so again to 4.25 percent in September. The Bank of England last week increased its benchmark rate to 5.75 percent, a six-year high. Higher interest rates, a weapon against inflation, can bolster a currency by giving better returns on fixed-income investments. Concerns about the strength of the U.S. economy, fueled largely by woes in the subprime housing sector, have boosted the euro against the dollar. Higher interest rates and the economic slowdown have lead to more defaults in subprime mortgages, which are loans to borrowers with weak or spotty credit histories. The British pound continued to trade around 26-year highs against the dollar Friday. On Friday, it rose to $2.0334 from its level late Thursday of $2.0304. The dollar slipped to 122.21 Japanese yen from 122.41 yen.

10yr note less appealing as rates are cut { January 2008 } 1875 western loan shark operation Arab central banks move assets out of dollar to euro { March 14 2006 } Asia will diversify without dumping dollars { February 23 2005 } Asian banks dump dollar { February 22 2004 } Asian debt withdrawal threat to us deficit { September 7 2003 } Asian unpegging crucify us { October 3 2003 } Australia expects inflation { April 28 2004 } Bill clinton blasts dependence on asian currency Bmw bets on rebound for falling us dollar { March 18 2004 } Bonds plunge as US debt loses its appeal { June 12 2007 } Britain recolonization of america Buffet bets 21 billion against the dollar Buffet warns us deluging the world with dollars Bush bid weaken dollar against asia { September 24 2003 } Bush renominates greenspan for fifth term { May 18 2004 } Bush urges china on market based currency { October 2005 } Bush wants dollar drop against china currency { May 2008 } Bush weak dollar policy receiving praise Bush welcomes devalued dollar { November 8 2004 } Central banks reduce dollar holdings Central banks shift funds away from the US { January 24 2005 } Cheaper dollar scares foriegn investors { November 14 2004 } China continues to over value the dollar { April 2007 } China rumored selling dollars causing fall { November 7 2004 } China threatens to crash dollar { July 2007 } Citibank held pinochet accounts { March 16 2005 } Currency dissent Dollar decline after slow in rate hikes { December 2006 } Dollar depends on foreign investments { June 2007 } Dollar falls after europe urges asia to strengthen currency Dollar falls against euro betting on rate cuts { February 2008 } Dollar falls against yen and euro { February 2007 } Dollar falls further against euro { June 2007 } Dollar falls market ponders china surpise interest hike Dollar falls to record on china plans to diversity Dollar hits all time low versus euro { June 2007 } Dollar hits new low against euro { August 2007 } Dollar new low against euro nov 17 2004 Dollar record low as oil record high { October 29 2007 } Dollar rises six days before election Dollar sinks as fed cuts rates { August 2007 } Dollar under fire from all sides Dollar value climbs against euro { October 2005 } Dollars rises betting no more rate cuts { March 2008 } Dumping of dollar could trigger economic september 11 { August 29 2005 } Economists incorrectly claim high oil cause inflation Egyptian pound falls after unpegged from dollar { January 30 2004 } Exchange rates by short run currency trading { February 2005 } Fall dollar for trade imbalances Father of euro calls for global currency Fed raises interest on inflation risk Financial firms are less risk for IRS audits { April 11 2005 } Foreigners nervous about their dollar assets { October 16 2007 } G7 urge more flexibility currency Germany warns bush over dollar weakness { February 26 2004 } Gold falls to 5 week low on interest rate concerns Gold up as dollar weakens { June 2007 } Greenspan caters to inflation hawks Greenspan lets dollar slide raises gold Greenspan not worried from weakened dollar Greenspan replacement says print infinite money { October 25 2005 } Greenspan warns deficits pose risk to dollar { November 19 2004 } Growing fears of credit boom bursting { March 13 2005 } Imf advice Zimbabwe cause inflation { April 16 2004 } Inflation caused by printing too much money Inflation up when oil prices down { July 18 2007 } International buying of US assets increase { June 2007 } Investor says avoid dollar at all costs { June 30 2008 } Iran asks japan to stop paying using US dollar { June 2007 } Japan intervenes in dollar by weaken japanese currency Japan selling yen possibility causes yen fall Japan soaking up huge selling to strengthen dollar { March 8 2004 } Japan threatens to diverse central bank holdings Korean central bank will diversify reserves { April 6 2001 } Kuwait currency allowed to rise against dollar { May 11 2006 } Latin america incorporating US dollar { October 12 2007 } Long term rates stay low despite short term rates { September 20 2005 } Low interest trade deficit causes devaluing dollar Low value encourages investment outflows { January 5 2004 } Markets forcing fed to cut rates { September 2007 } No attempts to boost falling dollar Oil price strike puts inflation back on agenda { May 7 2004 } Oil soared as dollar fell { May 2008 } Overseas investors buy aggresively in US { January 20 2008 } Retail sales is two thirds of US economic Russia banks on europe not US Russia may switch to euro for currency stability South america plans single currency Strange dollar effect on the market Trade deficit swells to record 43bn { March 11 2004 } Trade gap narrows United nation pushing world currency US ballooning trade imbalances threatens world stability { April 7 2005 } US banks likely to fail over bad loans { May 29 2008 } Us issues color 20 bill { October 9 2003 } Us trade deficit threatens world economy { January 7 2004 } Us treasury may name currency manipulators { October 29 2003 } Venezuela dumps dollar reserves for euros { September 30 2005 } Warren buffett sees nowhere but down for dollar Weak dollar will help says greenspan White house says china is not manipulating money World bank board approves wolfowitz as next president { March 31 2005 } Yen sell off currency lower value Files Listed: 104

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