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Euro At 27-Month Low

Euro At 27-Month LowEuro At 27-Month Low

The euro slid to a 27-month trough against the dollar on Wednesday, a day ahead of a crucial European Central Bank meeting that could pave the way for more easing measures in the eurozone, Reuters reported. The greenback also hit a seven-year peak against the yen. Those gains helped the dollar hit its strongest point since March 2009 against a basket of major currencies at 88.867 . New York Fed President William Dudley reiterated on Tuesday that for now the dramatic drop in oil prices – down more than 30 percent since June – was a net benefit for the United States, helping US consumers and major trade partners.

 

Financialtribune.com