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Euros At Record High Against Dollar

News Flash: On a Euro High


Yesterday, the euro's value hit its highest point against the dollar since it was introduced in 1999. The currency is valued at $1.5057 and analysts say it could move even higher than its current record. The euro's escalation is attributed to negative economic reports from the U.S. including the lowest consumer confidence levels since 2003 and higher wholesale inflation. There's speculation that the Fed may cut interest rates lower even after its big cuts in January — the cuts are intended to fuel the economy but could also have the unwanted effect of pushing the dollar's value lower.

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