Econ 101: Euro up. Dollar down. U.S. debt through the [over-mortgaged] roof.
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Yes, we know – we’ve used that catch phrase here before and we’ll probably have opportunities to revisit it in the future, too. For now, though, it couldn’t be more apt. That’s because, yesterday, the euro, which is now the national coin of 15 European countries, reached an all-time high in its value against the American dollar. In international trading, one euro reached a value of nearly $1.51 before settling down a fraction of a percentage point lower. (Agence France Presse)
admin @ March 2, 2008