Friday, October 26, 2007

Dollar Woes Continue

From the Associated Press:

"The dollar skidded to fresh record lows on speculation that U.S. will cut interest rates again as the post G-7 dollar sell-off came into full swing.

The greenback fell to a record low against the euro Friday at $1.4393, according to Interbank foreign-exchange rates from Dow Jones almost half a cent below its last record low of $1.4348, set Monday."

From the Inquirer.net:

"MANILA, Philippines -- The peso edged up Friday to a fresh seven-year high against the US dollar..."

From Reuters:

"The Canadian dollar strengthened to a fresh 33-year high against the ailing U.S. dollar on Friday, lifted by soaring commodity prices against the backdrop of a broad slide in the greenback."

From the International Business Times:

"BEIJING - Impacted by the continuous declining US dollar, the central parity rate of China's currency Yuan broke 7.5 for the first time..."

From Bloomberg:

"The Singapore dollar rose to a 10- year high against the U.S. dollar..."

From The West Australian:

"The Australian dollar finished above 91 US cents today for the first time in 23 years as expectations of a November rate rise mounted and the US currency weakened."

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