Friday, April 27, 2007

Dollar Declines to Record Low Versus Euro as Data Show U.S. Growth Slows

(Bloomberg) -- The dollar dropped to an all-time low against the euro after a government report showed the U.S. economy grew last quarter less than forecast.

``This report pushed people to jump to sell the dollar,'' said Robert Fullem, vice president of U.S. corporate currency sales in New York at Bank of Tokyo-Mitsubishi UFJ Ltd. ``The market is negative for the dollar now.''


Read more at Bloomberg Currencies News

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