Tuesday, November 20, 2007

U.S. dollar falls to all-time low vs euro (CNN)

BERLIN, Germany (AP) -- The U.S. dollar fell to an all-time low against the 13-nation euro Tuesday as traders awaited housing data from Washington.

The dollar has been falling steadily against the euro since August.
In morning European trading the euro bought $1.4767, up from $1.4667 late Monday in New York.
The British pound rose to $2.0597 from $2.0497 in New York, while the dollar rose to purchase 110.42 Japanese yen from 109.85.
The euro and the pound have been climbing steadily against the dollar since August amid fears for the health of the U.S. economy, stoked by the subprime credit crisis.

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