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Politics : Foreign Affairs Discussion Group

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To: Sun Tzu who wrote (242520)	9/20/2007 3:39:29 PM
From: michael97123	Read Replies (2) of 281500

Bet ends on 9/20/08. Bolded is start price for our bet. Kobe steak is fine--meal for both of us is capped at $250. Please keep this post on file. Euro hits all-time high By Darla Mercado September 20, 2007 The dollar plummeted to an all-time low against the euro when the European currency this morning was traded at $1.4064 — an all-time high. A day after the Federal Reserve Board decreased the discount rate from 5.75% to 5.25%, the U.S. dollar reached a record low $1.4098 against the euro. That improved slightly, capping at a 0.9% decline to $1.4082 per euro, which currency traders say encourages them to sell the dollar in against the euro, published reports said. U.S. currency this year has weakened 6.3% against the euro. London analysts believe the euro will only continue to strengthen against the dollar, published reports said. The Canadian dollar also strengthened, trading at 99.96 cents to one U.S. dollar.

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