男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
USEUROPEAFRICAASIA 中文雙語Fran?ais
Home / Fashion

Dollar at record low against euro

By Kosuke Goto | China Daily | Updated: 2007-10-30 07:26

The dollar fell to a record low against the euro on speculation the Federal Reserve will cut interest rates this week to prevent the worst US housing slump in 16 years from slowing the economy.

The US currency slid to its lowest in 33 years against the Canadian dollar and a 23-year low versus Australia's dollar. Yields on two-year Treasuries are now the least among the Group of Seven nations excluding Japan after traders increased bets the Fed will cut rates tomorrow.

"I remain bearish on the dollar," said Greg Gibbs, a currency strategist at ABN Amro Holding NV in Sydney.

"The US has the lowest yields of all other major countries except Japan and Switzerland. This is sending people into a whole range of higher-yielding currencies."

The dollar fell as low as $1.4426 per euro, the weakest since the introduction of the 13-nation currency in 1999, before trading at $1.4425 as of 3:05 pm in Tokyo from $1.4393 in New York on Friday. It may drop to $1.4530 this week, Gibbs forecast. The US dollar was at 114.17 yen from 114.19 yen.

The dollar's 8.4 percent loss against the euro this year has prompted French President Nicolas Sarkozy to warn that exports from the $10 trillion euro-region economy may suffer. By contrast, the cheaper dollar has buoyed US shipments overseas. The nation's trade deficit in August narrowed to $57.6 billion, the least since January, the Commerce Department said on October 11.

The currency's drop also helped drive crude oil to a record and gold prices to the highest since January 1980, encouraging investors to buy assets in commodity producing nations.

The dollar fell against 13 of the 16 most-actively traded currencies. It slid to 77.08 US cents versus New Zealand's dollar from 76.62 and as low as 92.46 US cents against Australia's dollar, the weakest since May 1984. It also fell to $1.0437 against the Canadian dollar, the lowest since 1974.

Bloomberg News

(China Daily 10/30/2007 page16)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 岳阳市| 西盟| 赞皇县| 通城县| 理塘县| 自治县| 西和县| 叶城县| 德庆县| 托里县| 融水| 邯郸市| 龙游县| 温州市| 普陀区| 灵丘县| 肃北| 铅山县| 如东县| 韶山市| 广安市| 青川县| 游戏| 沂南县| 永善县| 黄石市| 焉耆| 吉木乃县| 阿拉善盟| 伊宁市| 达孜县| 望奎县| 阿勒泰市| 福贡县| 莱西市| 新竹县| 枣阳市| 普宁市| 油尖旺区| 隆化县| 雅江县| 苗栗县| 买车| 林周县| 马山县| 招远市| 张家口市| 清苑县| 女性| 武平县| 和顺县| 深圳市| 正阳县| 田阳县| 阿克苏市| 娄底市| 温泉县| 巴彦县| 罗田县| 甘孜县| 中江县| 阿拉善盟| 甘孜县| 清水县| 万源市| 平和县| 花莲市| 景洪市| 镇平县| 师宗县| 乐清市| 南岸区| 高碑店市| 顺昌县| 广汉市| 佛学| 宁武县| 新河县| 新宾| 虹口区| 黄骅市| 鲜城|