Euro Slides Yet Again to a Record Low Point
THE ailing euro yesterday plunged to its lowest value yet against the dollar.
The value of the embattled single currency, which tumbled to 86.9 cents, has now fallen by 25 per cent since its launch 20 months ago when it was worth $1.17.
It has fallen by a similar amount against the pound and closed yesterday at 60.4p compared with 70.4p at the launch.
Analysts said that a combination of factors was undermining the euro: Slower growth in the 11-nation euro zone compared to the United States, social unrest in France, bets by currency traders earlier this year that the euro would recover and signs that German politicians might be happy for it to stay weak to …
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Publication information: Article title: Euro Slides Yet Again to a Record Low Point. Contributors: Not available. Newspaper title: Daily Mail (London). Publication date: September 7, 2000. Page number: 8. © 2007 Daily Mail. COPYRIGHT 2000 Gale Group.
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